Royal Caribbean Rises as Investors Look Ahead to Earnings
The cruise operator gained 1.99% in the latest session, while analysts expect higher earnings and revenue in its upcoming report.
Royal Caribbean shares rose 1.99% to $265.86 in the latest session, while the S&P 500 fell 0.25%. The Dow also declined, while the Nasdaq gained 0.24%.
The stock has lost 1.89% over the past month, less than the Consumer Discretionary sector’s 8.16% decline. It also trailed the S&P 500, which fell 0.42% over the same period.
Analysts expect Royal Caribbean to report earnings of $6.36 per share and revenue of $5.58 billion in its upcoming earnings disclosure, according to Zacks consensus estimates. Those figures would represent year-over-year increases of 10.61% and 8.66%, respectively.
For the full year, analysts forecast earnings of $17.79 per share and revenue of $19.58 billion. Zacks estimates those totals would be up 13.75% and 9.15% from last year.
The Zacks consensus earnings estimate has edged up 0.01% over the past month. The company’s upcoming report will show how its results compare with those analyst forecasts.
This article was produced with the help of AI technology.
Source: Yahoo Finance
