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Royal Caribbean (RCL) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2 min read

In the latest trading session, Royal Caribbean (RCL) closed at $57.69, marking a -0.72% move from the previous day. This move lagged the S&P 500's daily loss of 0.34%. Elsewhere, the Dow gained 0.05%, while the tech-heavy Nasdaq lost 0.69%.

RCL will be looking to display strength as it nears its next earnings release. On that day, RCL is projected to report earnings of -$4.39 per share, which would represent a year-over-year decline of 272.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $83.59 million, down 97.02% from the year-ago period.

RCL's full-year Zacks Consensus Estimates are calling for earnings of -$9.66 per share and revenue of $4.74 billion. These results would represent year-over-year changes of -201.26% and -56.72%, respectively.

Any recent changes to analyst estimates for RCL should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 447.03% lower. RCL currently has a Zacks Rank of #3 (Hold).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 122, putting it in the top 49% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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