Royal Caribbean shares close lower as earnings estimates point to growth
The cruise operator’s stock ended at $259.38 after losing 13.89% over the previous month.
Royal Caribbean shares closed at $259.38 in the latest trading session, down 1.94% from the previous trading day. The stock had declined 13.89% over the preceding month.
For Royal Caribbean’s upcoming quarterly results, the report projected earnings per share of $6.35, representing a 10.43% increase from the comparable quarter a year earlier. Its latest consensus revenue estimate was $5.57 billion, reflecting projected year-over-year growth of 8.41%.
Zacks Consensus Estimates anticipated annual earnings of $17.78 per share and revenue of $19.58 billion. Those forecasts represented increases of 13.68% and 9.17%, respectively, from the previous year.
Royal Caribbean had a Zacks Rank of 3, designated Hold. The report also listed the company’s forward price-to-earnings ratio at 14.87 and its price-to-earnings-growth ratio at 0.95.