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Royal Caribbean (RCL) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Analysts on Wall Street project that Royal Caribbean (RCL - Free Report) will announce quarterly earnings of $3.20 per share in its forthcoming report, representing an increase of 18.1% year over year. Revenues are projected to reach $4.45 billion, increasing 11.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 7.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Royal Caribbean metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- Onboard and other' should come in at $1.40 billion. The estimate indicates a change of +11.8% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Passenger ticket' reaching $3.05 billion. The estimate points to a change of +11.3% from the year-ago quarter.
The consensus estimate for 'APCD (Available passenger cruise days)' stands at 13719 days. Compared to the current estimate, the company reported 12658 days in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net Yields' will likely reach $266.59 . Compared to the present estimate, the company reported $258.83 in the same quarter last year.
The consensus among analysts is that 'Occupancy Rate' will reach 109.3%. The estimate compares to the year-ago value of 108.8%.
Based on the collective assessment of analysts, 'Passenger Cruise Days' should arrive at 15005 days. The estimate is in contrast to the year-ago figure of 13768 days.
Analysts expect 'Net Cruise Costs Excluding Fuel per APCD' to come in at $132.16 . Compared to the present estimate, the company reported $129.54 in the same quarter last year.
It is projected by analysts that the 'Net Cruise Costs per APCD' will reach $153.02 . Compared to the current estimate, the company reported $151.44 in the same quarter of the previous year.
Analysts predict that the 'Passengers Carried' will reach 2.56 million. Compared to the current estimate, the company reported 2.24 million in the same quarter of the previous year.
Shares of Royal Caribbean have demonstrated returns of +1.5% over the past month compared to the Zacks S&P 500 composite's +9.3% change. With a Zacks Rank #4 (Sell), RCL is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Royal Caribbean (RCL) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that Royal Caribbean (RCL - Free Report) will announce quarterly earnings of $3.20 per share in its forthcoming report, representing an increase of 18.1% year over year. Revenues are projected to reach $4.45 billion, increasing 11.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 7.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Royal Caribbean metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- Onboard and other' should come in at $1.40 billion. The estimate indicates a change of +11.8% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Passenger ticket' reaching $3.05 billion. The estimate points to a change of +11.3% from the year-ago quarter.
The consensus estimate for 'APCD (Available passenger cruise days)' stands at 13719 days. Compared to the current estimate, the company reported 12658 days in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net Yields' will likely reach $266.59 . Compared to the present estimate, the company reported $258.83 in the same quarter last year.
The consensus among analysts is that 'Occupancy Rate' will reach 109.3%. The estimate compares to the year-ago value of 108.8%.
Based on the collective assessment of analysts, 'Passenger Cruise Days' should arrive at 15005 days. The estimate is in contrast to the year-ago figure of 13768 days.
Analysts expect 'Net Cruise Costs Excluding Fuel per APCD' to come in at $132.16 . Compared to the present estimate, the company reported $129.54 in the same quarter last year.
It is projected by analysts that the 'Net Cruise Costs per APCD' will reach $153.02 . Compared to the current estimate, the company reported $151.44 in the same quarter of the previous year.
Analysts predict that the 'Passengers Carried' will reach 2.56 million. Compared to the current estimate, the company reported 2.24 million in the same quarter of the previous year.
View all Key Company Metrics for Royal Caribbean here>>>Shares of Royal Caribbean have demonstrated returns of +1.5% over the past month compared to the Zacks S&P 500 composite's +9.3% change. With a Zacks Rank #4 (Sell), RCL is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .