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Royal Caribbean (RCL) Tops Q4 Earnings, Misses Revenues
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Royal Caribbean Cruises Ltd. (RCL - Free Report) operates as a global cruise and vacation company. The company’s North American products and Asia itineraries have been performing strongly over the past few quarters. Also, the company’s decision to invest in the fast-growing Chinese cruise markets is commendable.
Going forward, strong booking trends, technological innovation, capacity growth and various profit-generating initiatives are expected to drive growth.
However, the company is incurring higher costs for its restructuring initiatives and consolidation efforts, which has been hurting margins. Further, lingering global uncertainties coupled with negative currency translation has been limiting top-line growth.
Investors should note that the consensus estimate for RCL has been moving slightly downwards over the last 60 days. Nonetheless, RCL’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises in each of the last four quarters, with an average beat of 22.60%. However, revenues lagged the Zacks Consensus Estimate in three of the trailing four quarters.
Royal Caribbean Cruises Ltd. Price and EPS Surprise
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: RCL beats on earnings. Our consensus earnings estimate called for earnings per share of $1.22 and the company reported earnings of $1.23 per share. Investors should note that these figures take out stock option expenses.
Revenues: RCL reported revenues of $1.91 billion. This lagged our consensus estimate of $1.96 billion
Key Stats to Note: On a constant currency basis, net yields were up 5.3% year over year, lower than the guidance. Net cruise costs (NCC), excluding fuel decreased 1.9% on a constant currency basis, better than the guidance.
Stock Price Impact: At the time of writing, the stock price of Royal Caribbean was up over 2% during the pre-market trading hours following the earnings release.
Check back for our full write up on this RCL earnings report later!
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Royal Caribbean (RCL) Tops Q4 Earnings, Misses Revenues
Royal Caribbean Cruises Ltd. (RCL - Free Report) operates as a global cruise and vacation company. The company’s North American products and Asia itineraries have been performing strongly over the past few quarters. Also, the company’s decision to invest in the fast-growing Chinese cruise markets is commendable.
Going forward, strong booking trends, technological innovation, capacity growth and various profit-generating initiatives are expected to drive growth.
However, the company is incurring higher costs for its restructuring initiatives and consolidation efforts, which has been hurting margins. Further, lingering global uncertainties coupled with negative currency translation has been limiting top-line growth.
Investors should note that the consensus estimate for RCL has been moving slightly downwards over the last 60 days. Nonetheless, RCL’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises in each of the last four quarters, with an average beat of 22.60%. However, revenues lagged the Zacks Consensus Estimate in three of the trailing four quarters.
Royal Caribbean Cruises Ltd. Price and EPS Surprise
Royal Caribbean Cruises Ltd. Price and EPS Surprise | Royal Caribbean Cruises Ltd. Quote
RCL currently has a Zacks Rank #4 (Sell) but that could change following Royal Caribbean’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: RCL beats on earnings. Our consensus earnings estimate called for earnings per share of $1.22 and the company reported earnings of $1.23 per share. Investors should note that these figures take out stock option expenses.
Revenues: RCL reported revenues of $1.91 billion. This lagged our consensus estimate of $1.96 billion
Key Stats to Note: On a constant currency basis, net yields were up 5.3% year over year, lower than the guidance. Net cruise costs (NCC), excluding fuel decreased 1.9% on a constant currency basis, better than the guidance.
Stock Price Impact: At the time of writing, the stock price of Royal Caribbean was up over 2% during the pre-market trading hours following the earnings release.
Check back for our full write up on this RCL earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>