Royal Caribbean (RCL) Earnings Preview: What to Expect

In-Depth Analysis

Royal Caribbean met analysts’ revenue expectations last quarter, reporting revenues of $4.00 billion, up 7.3% year on year. It reported 13.77 million passenger cruise days, up 4.7% year on year.

This quarter, analysts are anticipating a 10.6% year-on-year revenue increase, reaching $4.55 billion. Adjusted earnings are projected at $4.08 per share. While most analysts have maintained their estimates, Royal Caribbean has missed revenue estimates four times in the past two years.

Compared to its peers, Carnival delivered a 9.5% year-on-year revenue growth, surpassing expectations by 1.7%, while Delta reported flat revenue, exceeding estimates by 1.5%. These results provide a glimpse into the broader travel and vacation sector. Carnival traded up 5.9% following the results while Delta was also up 11.9%.

Investor sentiment in the travel and vacation sector has been positive, with share prices up 10.3% on average over the last month. Royal Caribbean itself is up 12.7% during the same period. The average analyst price target for Royal Caribbean is $324.63, compared to its current share price of $352.98.

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FAQ

What are analysts expecting for Royal Caribbean's revenue this quarter?

Analysts expect Royal Caribbean's revenue to grow 10.6% year-on-year to $4.55 billion.

How has Royal Caribbean performed against revenue estimates in the past?

Royal Caribbean has missed Wall Street’s revenue estimates four times over the last two years.

Takeaways

Royal Caribbean's upcoming earnings report is a key indicator of the travel and vacation industry's health.
Analyst expectations are generally positive, with revenue and earnings growth anticipated.
The company's past performance and peer results suggest potential for a strong quarter.

Discussion

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Sources

Royal Caribbean (RCL) Reports Earnings Tomorrow: What To Expect Why Royal Caribbean’s stock is dropping even as cruise demand accelerates Royal Caribbean lifts annual profit forecast on steady cruise demand

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