Royal Caribbean shares lag as earnings estimates point higher
The cruise operator received a Hold rating while consensus profit forecasts remained unchanged over the previous month.
Royal Caribbean shares returned negative 15.5% during the preceding month, compared with a negative 2.9% change for the S&P 500 composite used in the investment research firm’s analysis.
The firm said Royal Caribbean was expected to report current-quarter earnings of $6.35 per share, which would represent a 10.4% increase from the same quarter a year earlier.
For the current fiscal year, the consensus earnings estimate stood at $17.78, implying year-over-year growth of 13.7%. According to the analysis, that forecast had not changed during the prior 30 days.
The consensus estimate for the next fiscal year was $20.12, up 13.1% from what Royal Caribbean was expected to report one year earlier. That projection also remained unchanged over the previous month.
Based on the recent movement in the consensus estimate and three additional earnings-estimate factors, the investment research firm assigned Royal Caribbean a Rank #3, equivalent to Hold.
