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Royal Caribbean (RCL) Advances While Market Declines: Some Information for Investors
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In the latest close session, Royal Caribbean (RCL - Free Report) was up +1.99% at $265.86. The stock outpaced the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
The stock of cruise operator has fallen by 1.89% in the past month, leading the Consumer Discretionary sector's loss of 8.16% and undershooting the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Royal Caribbean in its upcoming earnings disclosure. In that report, analysts expect Royal Caribbean to post earnings of $6.36 per share. This would mark year-over-year growth of 10.61%. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 8.66% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.79 per share and revenue of $19.58 billion. These totals would mark changes of +13.75% and +9.15%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Royal Caribbean. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% upward. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Royal Caribbean has a Forward P/E ratio of 14.66 right now. This signifies a discount in comparison to the average Forward P/E of 15.04 for its industry.
Meanwhile, RCL's PEG ratio is currently 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. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.2 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 192, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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) Advances While Market Declines: Some Information for Investors
In the latest close session, Royal Caribbean (RCL - Free Report) was up +1.99% at $265.86. The stock outpaced the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
The stock of cruise operator has fallen by 1.89% in the past month, leading the Consumer Discretionary sector's loss of 8.16% and undershooting the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Royal Caribbean in its upcoming earnings disclosure. In that report, analysts expect Royal Caribbean to post earnings of $6.36 per share. This would mark year-over-year growth of 10.61%. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 8.66% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.79 per share and revenue of $19.58 billion. These totals would mark changes of +13.75% and +9.15%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Royal Caribbean. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% upward. Royal Caribbean currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Royal Caribbean has a Forward P/E ratio of 14.66 right now. This signifies a discount in comparison to the average Forward P/E of 15.04 for its industry.
Meanwhile, RCL's PEG ratio is currently 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. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.2 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 192, placing it within the bottom 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.