Royal Caribbean shares close higher ahead of earnings report
Analyst estimates projected year-over-year gains in quarterly earnings and revenue, while the stock remained lower for the preceding month.
Royal Caribbean shares ended the latest trading session at $265.86, an increase of 1.99% for the day. Over the preceding month, however, the cruise operator’s stock had declined 1.89%.
Analysts expected Royal Caribbean to post earnings of $6.36 per share in its report. That projection represented anticipated year-over-year earnings growth of 10.61%.
The latest consensus estimate called for quarterly revenue of $5.58 billion. The forecast was 8.66% above revenue in the corresponding quarter of the prior year.
Royal Caribbean’s forward price-to-earnings ratio was reported at 14.66. Zacks ranked the company #3, which it classified as Hold. The stock performance, analyst forecasts, valuation figure and ranking reflect the reported figures and estimates associated with the company ahead of its results.
