Royal Caribbean shares close lower as monthly decline reaches 15.39%
Analyst consensus figures cited in the report projected higher quarterly and full-year earnings and revenue.
Royal Caribbean shares ended the latest trading session at $248.77, a decline of 2.57% from the previous close. Over the preceding month, the cruise operator’s stock had fallen 15.39%.
Despite the recent share-price decline, consensus estimates cited in the report anticipated year-over-year growth for the company’s upcoming quarterly results. Analysts projected earnings of $6.35 per share, which would represent an increase of 10.43% from the comparable quarter a year earlier.
The report also placed the quarterly revenue consensus at $5.58 billion, an estimated 8.62% rise from the equivalent prior-year period. For the full year, the cited consensus forecasts called for earnings of $17.78 per share and revenue totaling $19.58 billion.
At the time of the report, Royal Caribbean held a No. 3 ranking, designated as Hold, in the investment rating system cited by the analysis.