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Royal Caribbean (RCL) Dips More Than Broader Market: What You Should Know
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Royal Caribbean (RCL - Free Report) closed at $291.72 in the latest trading session, marking a -3.12% move from the prior day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.1%.
The cruise operator's stock has climbed by 4.84% in the past month, exceeding the Consumer Discretionary sector's gain of 0.21% and the S&P 500's gain of 2.26%.
The upcoming earnings release of Royal Caribbean will be of great interest to investors. The company's upcoming EPS is projected at $2.8, signifying a 71.78% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.27 billion, reflecting a 13.4% rise from the equivalent quarter last year.
RCL's full-year Zacks Consensus Estimates are calling for earnings of $15.64 per share and revenue of $17.94 billion. These results would represent year-over-year changes of +32.54% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Royal Caribbean. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.33% downward. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Royal Caribbean is at present trading with a Forward P/E ratio of 16.87. This indicates a discount in contrast to its industry's Forward P/E of 18.61.
We can additionally observe that RCL currently boasts a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Leisure and Recreation Services industry was having an average PEG ratio of 1.27.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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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Royal Caribbean (RCL) Dips More Than Broader Market: What You Should Know
Royal Caribbean (RCL - Free Report) closed at $291.72 in the latest trading session, marking a -3.12% move from the prior day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.1%.
The cruise operator's stock has climbed by 4.84% in the past month, exceeding the Consumer Discretionary sector's gain of 0.21% and the S&P 500's gain of 2.26%.
The upcoming earnings release of Royal Caribbean will be of great interest to investors. The company's upcoming EPS is projected at $2.8, signifying a 71.78% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.27 billion, reflecting a 13.4% rise from the equivalent quarter last year.
RCL's full-year Zacks Consensus Estimates are calling for earnings of $15.64 per share and revenue of $17.94 billion. These results would represent year-over-year changes of +32.54% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Royal Caribbean. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.33% downward. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Royal Caribbean is at present trading with a Forward P/E ratio of 16.87. This indicates a discount in contrast to its industry's Forward P/E of 18.61.
We can additionally observe that RCL currently boasts a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Leisure and Recreation Services industry was having an average PEG ratio of 1.27.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.