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Royal Caribbean (RCL) Gains But Lags Market: What You Should Know

Zacks Equity Research
·2-min read

Royal Caribbean (RCL) closed at $48.58 in the latest trading session, marking a +0.7% move from the prior day. The stock lagged the S&P 500's daily gain of 1.1%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.09%.

Wall Street will be looking for positivity from RCL as it approaches its next earnings report date. On that day, RCL is projected to report earnings of -$4.43 per share, which would represent a year-over-year decline of 274.41%. Meanwhile, our latest consensus estimate is calling for revenue of $83.59 million, down 97.02% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$12.88 per share and revenue of $3.64 billion. These totals would mark changes of -235.01% and -66.8%, respectively, from last year.

Any recent changes to analyst estimates for RCL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. Within the past 30 days, our consensus EPS projection has moved 33.36% lower. RCL is currently a Zacks Rank #4 (Sell).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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