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Royal Caribbean (RCL) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, Royal Caribbean (RCL - Free Report) was down 3% at $273.59. The stock's change was less than the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.18%.
Heading into today, shares of the cruise operator had lost 1.79% over the past month, outpacing the Consumer Discretionary sector's loss of 6.69% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Royal Caribbean in its upcoming release. The company's earnings per share (EPS) are projected to be $3.2, reflecting a 18.08% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.43 billion, up 10.85% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.09 per share and a revenue of $19.77 billion, representing changes of +15.66% and +10.21%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Royal Caribbean. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
Investors should also note Royal Caribbean's current valuation metrics, including its Forward P/E ratio of 15.59. This indicates a discount in contrast to its industry's Forward P/E of 15.97.
Also, we should mention that RCL has a PEG ratio of 0.92. 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 of the close of trade yesterday, the Leisure and Recreation Services industry held an average PEG ratio of 1.3.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RCL in the coming trading sessions, be sure to utilize Zacks.com.
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Royal Caribbean (RCL) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, Royal Caribbean (RCL - Free Report) was down 3% at $273.59. The stock's change was less than the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.18%.
Heading into today, shares of the cruise operator had lost 1.79% over the past month, outpacing the Consumer Discretionary sector's loss of 6.69% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Royal Caribbean in its upcoming release. The company's earnings per share (EPS) are projected to be $3.2, reflecting a 18.08% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.43 billion, up 10.85% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.09 per share and a revenue of $19.77 billion, representing changes of +15.66% and +10.21%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Royal Caribbean. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
Investors should also note Royal Caribbean's current valuation metrics, including its Forward P/E ratio of 15.59. This indicates a discount in contrast to its industry's Forward P/E of 15.97.
Also, we should mention that RCL has a PEG ratio of 0.92. 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 of the close of trade yesterday, the Leisure and Recreation Services industry held an average PEG ratio of 1.3.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RCL in the coming trading sessions, be sure to utilize Zacks.com.