Royal Caribbean Cruises Ltd. (RCL) reported impressive second-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. RCL benefited from stronger pricing on close-in demand and continued strength in onboard revenue. The company is focused on driving strong shareholder returns by delivering a lifetime of vacations and capturing a larger share of the rapidly growing $1.9 trillion global vacation market. It focuses ...

Royal Caribbean (RCL) came out with quarterly earnings of $3.21 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.88%. A quarter ago, it was expected that this cruise operator would post earnings of $1.31 per share when it actually produced earnings of $1.77, delivering a surprise of 35.11%. Over the last four quarters, the ...

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 ...

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 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 ...

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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 ...

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 ...

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 ...

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 ...