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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 the most recent trading day at $248.77, moving -2.57% from the previous trading session. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the cruise operator have depreciated by 15.39% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 4.05%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Royal Caribbean in its upcoming release. The company is predicted to post an EPS of $6.35, indicating a 10.43% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.58 billion, reflecting a 8.62% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.78 per share and revenue of $19.58 billion. These totals would mark changes of +13.68% and +9.15%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Royal Caribbean boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Royal Caribbean is presently being traded at a Forward P/E ratio of 14.36. This signifies a discount in comparison to the average Forward P/E of 15.37 for its industry.
It is also worth noting that RCL currently has a PEG ratio of 0.92. 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. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 1.14.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 187, this industry ranks in the bottom 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Royal Caribbean (RCL) Dips More Than Broader Market: What You Should Know
Royal Caribbean (RCL - Free Report) closed the most recent trading day at $248.77, moving -2.57% from the previous trading session. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the cruise operator have depreciated by 15.39% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 4.05%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Royal Caribbean in its upcoming release. The company is predicted to post an EPS of $6.35, indicating a 10.43% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.58 billion, reflecting a 8.62% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.78 per share and revenue of $19.58 billion. These totals would mark changes of +13.68% and +9.15%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Royal Caribbean. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Royal Caribbean boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Royal Caribbean is presently being traded at a Forward P/E ratio of 14.36. This signifies a discount in comparison to the average Forward P/E of 15.37 for its industry.
It is also worth noting that RCL currently has a PEG ratio of 0.92. 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. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 1.14.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 187, this industry ranks in the bottom 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.