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Royal Caribbean (RCL) Stock Sinks As Market Gains: What You Should Know

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In the latest trading session, Royal Caribbean (RCL - Free Report) closed at $53.14, marking a -1.48% move from the previous day. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow lost 0.24%, and the Nasdaq, a tech-heavy index, added 0.28%.

Heading into today, shares of the cruise operator had lost 9.12% over the past month, lagging the Consumer Discretionary sector's gain of 4.56% and the S&P 500's gain of 2.96% in that time.

Wall Street will be looking for positivity from RCL as it approaches its next earnings report date. In that report, analysts expect RCL to post earnings of -$4.71 per share. This would mark a year-over-year decline of 285.43%. Meanwhile, our latest consensus estimate is calling for revenue of $117.62 million, down 95.81% from the prior-year quarter.

RCL's full-year Zacks Consensus Estimates are calling for earnings of -$14.50 per share and revenue of $2.90 billion. These results would represent year-over-year changes of -251.99% and -73.54%, respectively.

Any recent changes to analyst estimates for RCL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.58% lower. RCL currently has a Zacks Rank of #4 (Sell).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 235, putting it in the bottom 8% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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