Wall Street analysts forecast that Royal Caribbean (RCL) will report quarterly earnings of $2.52 per share in its upcoming release, pointing to a year-over-year increase of 42.4%. It is anticipated that revenues will amount to $4 billion, exhibiting an increase of 7.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Royal Caribbean metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Onboard and other' at $1.26 billion. The estimate indicates a change of +6.1% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Passenger ticket' reaching $2.74 billion. The estimate indicates a year-over-year change of +7.8%.
It is projected by analysts that the 'APCD (Available passenger cruise days)' will reach 12,680.56 Days. Compared to the present estimate, the company reported 12,285.83 Days in the same quarter last year.
The combined assessment of analysts suggests that 'Occupancy Rate' will likely reach 107.7%. Compared to the current estimate, the company reported 107% in the same quarter of the previous year.
The consensus estimate for 'Passenger Cruise Days' stands at 13,646.20 Days. The estimate compares to the year-ago value of 13,149.71 Days.
Analysts predict that the 'Net Cruise Costs Excluding Fuel per APCD' will reach $131.66. The estimate compares to the year-ago value of $129.91.
Based on the collective assessment of analysts, 'Net Cruise Costs per APCD' should arrive at $153.69. The estimate is in contrast to the year-ago figure of $154.65.
According to the collective judgment of analysts, 'Passengers Carried' should come in at 2.23 million. Compared to the present estimate, the company reported 2.05 million in the same quarter last year.
View all Key Company Metrics for Royal Caribbean here>>>
Over the past month, shares of Royal Caribbean have returned -5.6% versus the Zacks S&P 500 composite's -5.1% change. Currently, RCL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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