We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Royal Caribbean (RCL) Tops Q3 Earnings, Misses Revenues
Read MoreHide Full Article
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, higher marketing and promotional spend along with increased cruise costs 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 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 23.09%. However, revenues lagged the Zacks Consensus Estimate in three of the trailing four quarters.
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 $3.10 and the company reported earnings of $3.20 per share. Investors should note that these figures take out stock option expenses.
Revenues: RCL reported revenues of $2.56 billion. This lagged our consensus estimate of $2.58 billion
Key Stats to Note: On a constant currency basis, net yields were up 2.9% year over year, better than the guidance. Net cruise costs (NCC), excluding fuel decreased 1.6% on a constant currency basis in line with the guidance.
Stock Price Impact: At the time of writing, the stock price of Royal Caribbean was up over 4% during the pre-market trading hours following the earnings release.
Check back for our full write up on this RCL earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Royal Caribbean (RCL) Tops Q3 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, higher marketing and promotional spend along with increased cruise costs 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 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 23.09%. However, revenues lagged the Zacks Consensus Estimate in three of the trailing four quarters.
ROYAL CARIBBEAN Price and EPS Surprise
ROYAL CARIBBEAN Price and EPS Surprise | ROYAL CARIBBEAN 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 $3.10 and the company reported earnings of $3.20 per share. Investors should note that these figures take out stock option expenses.
Revenues: RCL reported revenues of $2.56 billion. This lagged our consensus estimate of $2.58 billion
Key Stats to Note: On a constant currency basis, net yields were up 2.9% year over year, better than the guidance. Net cruise costs (NCC), excluding fuel decreased 1.6% on a constant currency basis in line with the guidance.
Stock Price Impact: At the time of writing, the stock price of Royal Caribbean was up over 4% during the pre-market trading hours following the earnings release.
Check back for our full write up on this RCL earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>