We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Royal Caribbean (RCL) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Royal Caribbean (RCL - Free Report) closed the most recent trading day at $250.25, moving +1.81% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.49%. Elsewhere, the Dow saw an upswing of 0.71%, while the tech-heavy Nasdaq appreciated by 2.26%.
Shares of the cruise operator witnessed a loss of 15.82% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 7%, and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Royal Caribbean in its forthcoming earnings report. In that report, analysts expect Royal Caribbean to post earnings of $6.35 per share. This would mark year-over-year growth of 10.43%. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 8.62% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.78 per share and a revenue of $19.58 billion, indicating changes of +13.68% and +9.15%, respectively, from the former 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 such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
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, there's been no change in the Zacks Consensus EPS estimate. Royal Caribbean is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Royal Caribbean is currently trading at a Forward P/E ratio of 13.82. This expresses a discount compared to the average Forward P/E of 14.66 of its industry.
Investors should also note that RCL has a PEG ratio of 0.88 right now. 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. As of the close of trade yesterday, the Leisure and Recreation Services industry held an average PEG ratio of 1.11.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 198, placing it within the bottom 20% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Royal Caribbean (RCL) Rises Higher Than Market: Key Facts
Royal Caribbean (RCL - Free Report) closed the most recent trading day at $250.25, moving +1.81% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.49%. Elsewhere, the Dow saw an upswing of 0.71%, while the tech-heavy Nasdaq appreciated by 2.26%.
Shares of the cruise operator witnessed a loss of 15.82% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 7%, and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Royal Caribbean in its forthcoming earnings report. In that report, analysts expect Royal Caribbean to post earnings of $6.35 per share. This would mark year-over-year growth of 10.43%. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 8.62% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.78 per share and a revenue of $19.58 billion, indicating changes of +13.68% and +9.15%, respectively, from the former 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 such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
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, there's been no change in the Zacks Consensus EPS estimate. Royal Caribbean is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Royal Caribbean is currently trading at a Forward P/E ratio of 13.82. This expresses a discount compared to the average Forward P/E of 14.66 of its industry.
Investors should also note that RCL has a PEG ratio of 0.88 right now. 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. As of the close of trade yesterday, the Leisure and Recreation Services industry held an average PEG ratio of 1.11.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 198, placing it within the bottom 20% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.