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Royal Caribbean Cruises .(RCL) - 2024 Q2 - Quarterly Results
2024-07-25 10:31
Exhibit 99.1 ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER RESULTS, INCREASES FULL YEAR GUIDANCE, AND REINSTATES DIVIDEND Strong demand and favorable timing of expenses drive second quarter above expectations Trifecta goals achieved 18 months early Adjusted EPS in 2024 is now expected to be $11.35 - $11.45 Declared a quarterly dividend of $0.40 per share MIAMI – July 25, 2024 – Royal Caribbean Group (NYSE: RCL) today reported second quarter Earnings per Share ("EPS") of $3.11 and Adjusted EPS of $3.21. These ...
ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER RESULTS, INCREASES FULL YEAR GUIDANCE, AND REINSTATES DIVIDEND
Prnewswire· 2024-07-25 10:30
Strong demand and favorable timing of expenses drive second quarter above expectations Adjusted EPS in 2024 is now expected to be $11.35 - $11.45 MIAMI, July 25, 2024 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported second quarter Earnings per Share ("EPS") of $3.11 and Adjusted EPS of $3.21. These results were better than the company's guidance due to stronger pricing on close-in demand and continued strength in onboard revenue, as well as favorable timing of expenses of approximately $0.15 ...
Royal Caribbean Stock Has a Lot to Prove This Week
The Motley Fool· 2024-07-24 15:15
Royal Caribbean will step up with its second-quarter results on Thursday morning. There's a lot riding on the fresh financials, but the cruise line with a fleet of 68 ships across a couple of different banners has more than just momentum on its side. Demand has never been stronger for Royal Caribbean and its peers Carnival (CCL -1.52%) (CUK -1.88%) and Norwegian Cruise Line (NCLH -1.85%). The tailwinds are there. Let's size up Royal Caribbean's prospects heading into its quarterly update and see where the p ...
Here's Why Royal Caribbean (RCL) is a Strong Value Stock
ZACKS· 2024-07-24 14:40
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Valu ...
Is Royal Caribbean Cruises (RCL) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2024-07-23 14:41
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Royal Caribbean (RCL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. The Zacks Rank is a proven model that highlights a ...
Royal Caribbean (RCL) Pre-Q2 Earnings Analysis: Should You Buy?
ZACKS· 2024-07-22 12:45
Shares of Royal Caribbean have rallied 30% in the year-to-date period compared with the Zacks Leisure and Recreation Services industry's rise of 4.7%. Despite disruptions at Eastern Mediterranean sailings, the stock outperformed its peers, including Carnival Corporation & plc (CCL) , Norwegian Cruise Line Holdings Ltd. (NCLH) and OneSpaWorld Holdings Limited (OSW) . Image Source: Zacks Investment Research From a valuation perspective, RCL is trading relatively cheap. The company has a forward 12-month price ...
Can You Still Make Money on Royal Caribbean Stock?
The Motley Fool· 2024-07-21 11:15
Cruise ship operator Royal Caribbean Cruises (RCL 2.50%) has been having a breakout year. The company has more than fully recovered from the pandemic lockdowns, and its stock has recently reached all-time highs. With such large stock price gains in a few years, it's fair to wonder whether there's still time to get in on this bull run. Perhaps most importantly, Royal Caribbean refinanced its $3 billion revolving credit facility and $500 million term loans into a new $3.5 billion multiyear credit facility. Th ...
Royal Caribbean Cruise Line Is Now Taking Bookings Into 2026. Should That Be a Green Flag for Investors?
The Motley Fool· 2024-07-20 09:30
On April 25, Royal Caribbean (RCL 2.50%) CEO Jason Liberty told investors that the cruise line company was already allowing people to book their cruises for 2026. The statement was simple enough. But it's unusual nevertheless. Strong demand and bookings two years in advance is an overwhelmingly good thing. But there is risk that most investors likely haven't thought of. The good news for Royal Caribbean investors is that they can have reasonable confidence in the business for the next one to two years due t ...
ROYAL CARIBBEAN GROUP TO HOLD CONFERENCE CALL ON SECOND QUARTER 2024 EARNINGS
Prnewswire· 2024-07-19 20:10
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to approximately 1,000 destinations. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean International, Celebrity Cruises, and Silversea; and expanding portfolio of landbased vacation experiences through Perfect Day at CocoCay and Royal Beach Clu ...
Are Investors Undervaluing Royal Caribbean Cruises (RCL) Right Now?
ZACKS· 2024-07-18 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the V ...