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Royal Caribbean (RCL) Declines More Than Market: Some Information for Investors
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Royal Caribbean (RCL - Free Report) closed the most recent trading day at $263.65, moving -3.07% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.51% for the day. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Shares of the cruise operator have depreciated by 12.36% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 3.7%, and the S&P 500's loss of 3.63%.
The investment community will be closely monitoring the performance of Royal Caribbean in its forthcoming earnings report. The company is forecasted to report an EPS of $3.2, showcasing a 18.08% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.43 billion, indicating a 10.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $18.09 per share and a revenue of $19.78 billion, demonstrating changes of +15.66% and +10.31%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. As of now, Royal Caribbean holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Royal Caribbean has a Forward P/E ratio of 15.04 right now. For comparison, its industry has an average Forward P/E of 15.63, which means Royal Caribbean is trading at a discount to the group.
We can additionally observe that RCL currently boasts a PEG ratio of 0.89. 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. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 1.31.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 169, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Royal Caribbean (RCL) Declines More Than Market: Some Information for Investors
Royal Caribbean (RCL - Free Report) closed the most recent trading day at $263.65, moving -3.07% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.51% for the day. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Shares of the cruise operator have depreciated by 12.36% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 3.7%, and the S&P 500's loss of 3.63%.
The investment community will be closely monitoring the performance of Royal Caribbean in its forthcoming earnings report. The company is forecasted to report an EPS of $3.2, showcasing a 18.08% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.43 billion, indicating a 10.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $18.09 per share and a revenue of $19.78 billion, demonstrating changes of +15.66% and +10.31%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. As of now, Royal Caribbean holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Royal Caribbean has a Forward P/E ratio of 15.04 right now. For comparison, its industry has an average Forward P/E of 15.63, which means Royal Caribbean is trading at a discount to the group.
We can additionally observe that RCL currently boasts a PEG ratio of 0.89. 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. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 1.31.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 169, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.