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Royal Caribbean (RCL) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Royal Caribbean (RCL - Free Report) reported revenue of $4.16 billion, up 39% over the same period last year. EPS came in at $3.85, compared to $0.26 in the year-ago quarter.
The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $4.06 billion. With the consensus EPS estimate being $3.43, the EPS surprise was +12.24%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
APCD (Available passenger cruise days): 12,011.59 Days versus the five-analyst average estimate of 12,042.34 Days.
Occupancy Rate: 109.7% versus 112.3% estimated by four analysts on average.
Passenger Cruise Days: 13,172 Days compared to the 13,501.94 Days average estimate based on four analysts.
Net Cruise Costs Excluding Fuel per APCD: $113.57 versus $114.70 estimated by three analysts on average.
Net Cruise Costs per APCD: $136.25 compared to the $137.76 average estimate based on three analysts.
Passengers Carried: 1,999.76 thousand compared to the 2,193.64 thousand average estimate based on two analysts.
Net Yields: $272 versus the two-analyst average estimate of $264.74.
Revenues- Onboard and other: $1.22 billion versus $1.13 billion estimated by six analysts on average.
Revenues- Passenger ticket: $2.94 billion compared to the $2.91 billion average estimate based on six analysts.
Shares of Royal Caribbean have returned -10.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Royal Caribbean (RCL) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Royal Caribbean (RCL - Free Report) reported revenue of $4.16 billion, up 39% over the same period last year. EPS came in at $3.85, compared to $0.26 in the year-ago quarter.
The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $4.06 billion. With the consensus EPS estimate being $3.43, the EPS surprise was +12.24%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- APCD (Available passenger cruise days): 12,011.59 Days versus the five-analyst average estimate of 12,042.34 Days.
- Occupancy Rate: 109.7% versus 112.3% estimated by four analysts on average.
- Passenger Cruise Days: 13,172 Days compared to the 13,501.94 Days average estimate based on four analysts.
- Net Cruise Costs Excluding Fuel per APCD: $113.57 versus $114.70 estimated by three analysts on average.
- Net Cruise Costs per APCD: $136.25 compared to the $137.76 average estimate based on three analysts.
- Passengers Carried: 1,999.76 thousand compared to the 2,193.64 thousand average estimate based on two analysts.
- Net Yields: $272 versus the two-analyst average estimate of $264.74.
- Revenues- Onboard and other: $1.22 billion versus $1.13 billion estimated by six analysts on average.
- Revenues- Passenger ticket: $2.94 billion compared to the $2.91 billion average estimate based on six analysts.
View all Key Company Metrics for Royal Caribbean here>>>Shares of Royal Caribbean have returned -10.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.