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Royal Caribbean (RCL) Outpaces Stock Market Gains: What You Should Know

·2 min read

Royal Caribbean (RCL) closed the most recent trading day at $48.04, moving +1.69% from the previous trading session. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.18%.

Coming into today, shares of the cruise operator had gained 11.49% in the past month. In that same time, the Consumer Discretionary sector lost 1.14%, while the S&P 500 lost 1.14%.

Wall Street will be looking for positivity from Royal Caribbean as it approaches its next earnings report date. On that day, Royal Caribbean is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 107.54%. Our most recent consensus estimate is calling for quarterly revenue of $3 billion, up 556.16% from the year-ago period.

RCL's full-year Zacks Consensus Estimates are calling for earnings of -$6.81 per share and revenue of $8.96 billion. These results would represent year-over-year changes of +64.51% and +485.06%, respectively.

Investors should also note any recent changes to analyst estimates for Royal Caribbean. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Royal Caribbean is currently sporting a Zacks Rank of #3 (Hold).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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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