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Royal Caribbean (RCL) Stock Sinks As Market Gains: What You Should Know
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Royal Caribbean (RCL - Free Report) closed the most recent trading day at $341.50, moving -1.1% from the previous trading session. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a drop of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.03%.
Heading into today, shares of the cruise operator had gained 10.29% over the past month, outpacing the Consumer Discretionary sector's gain of 5.83% and the S&P 500's gain of 2.09%.
Investors will be eagerly watching for the performance of Royal Caribbean in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.66, signifying a 8.85% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $5.16 billion, indicating a 5.69% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.6 per share and a revenue of $17.98 billion, indicating changes of +32.2% and +9.07%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% decrease. Royal Caribbean is currently a Zacks Rank #3 (Hold).
In terms of valuation, Royal Caribbean is presently being traded at a Forward P/E ratio of 22.14. For comparison, its industry has an average Forward P/E of 21.16, which means Royal Caribbean is trading at a premium to the group.
Investors should also note that RCL has a PEG ratio of 0.97 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Services industry had an average PEG ratio of 1.35 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Royal Caribbean (RCL) Stock Sinks As Market Gains: What You Should Know
Royal Caribbean (RCL - Free Report) closed the most recent trading day at $341.50, moving -1.1% from the previous trading session. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a drop of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.03%.
Heading into today, shares of the cruise operator had gained 10.29% over the past month, outpacing the Consumer Discretionary sector's gain of 5.83% and the S&P 500's gain of 2.09%.
Investors will be eagerly watching for the performance of Royal Caribbean in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.66, signifying a 8.85% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $5.16 billion, indicating a 5.69% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.6 per share and a revenue of $17.98 billion, indicating changes of +32.2% and +9.07%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% decrease. Royal Caribbean is currently a Zacks Rank #3 (Hold).
In terms of valuation, Royal Caribbean is presently being traded at a Forward P/E ratio of 22.14. For comparison, its industry has an average Forward P/E of 21.16, which means Royal Caribbean is trading at a premium to the group.
Investors should also note that RCL has a PEG ratio of 0.97 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Services industry had an average PEG ratio of 1.35 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.