A month has gone by since the last earnings report for Royal Caribbean (RCL) . Shares have added about 8.4% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Royal Caribbean due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Royal Carib ...

Core Insights - Carnival Corporation & plc (CCL) reported strong second-quarter fiscal 2025 results, with adjusted earnings and revenues exceeding expectations and showing year-over-year growth [1][4] - The company achieved its 2026 SEA Change financial targets 18 months ahead of schedule, indicating operational efficiency and strategic growth [2] - CCL aims to maintain high-margin revenue growth and robust profitability through favorable booking positions [3] Financial Performance - Adjusted earnings per share (EPS) for Q2 were 35 cents, surpassing the Zacks Consensus Estimate of 24 cents by 45.8%, compared to 11 cents in the same quarter last year [4] - Revenues for the quarter reached $6.33 billion, exceeding the consensus estimate of $6.21 billion by 2% and increasing by 9.5% year over year [4] - Adjusted net income for the quarter was $470 million, a significant increase of 250.7% from $134 million year over year, driven by higher ticket prices and onboard spending [6] Revenue Breakdown - Passenger ticket revenues amounted to $4.1 billion, up from $3.75 billion in the prior-year quarter, exceeding estimates of $3.96 billion [4] - Onboard and other revenues increased to $2.22 billion from $2.03 billion year over year, aligning closely with estimates [5] Balance Sheet and Liquidity - As of May 31, 2025, cash and cash equivalents were $2.15 billion, up from $1.21 billion as of November 30, 2024, with total liquidity at $5.17 billion [7] - Total debt as of May 31 was $27.3 billion, slightly down from $27.48 billion as of November 30, 2024 [7] Booking and Future Outlook - CCL reported strong advance bookings for 2025 and 2026, with record levels and historical high pricing, indicating robust demand [8][9] - For Q3 fiscal 2025, the company expects adjusted EBITDA of approximately $2.87 billion and adjusted net income of about $1.8 billion [11] - The fiscal 2025 outlook has been raised, with adjusted EBITDA now anticipated to be approximately $6.9 billion, reflecting over 10% growth year over year [12]

Core Insights - Norwegian Cruise Line Holdings Ltd. (NCLH) reported strong fourth-quarter 2024 results, with earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][3][4] Financial Performance - Adjusted earnings per share for Q4 were 26 cents, surpassing the consensus estimate of 11 cents, compared to an adjusted loss of 18 cents in the prior-year quarter [3] - Quarterly revenues reached $2.11 billion, beating the consensus mark of $2.09 billion, and increased from $1.99 billion in the prior-year quarter [3] - Passenger ticket revenues were $1.41 billion, up from $1.33 billion year-over-year, while onboard and other revenues rose to $700.6 million from $653.4 million [4] Cost Management - Total cruise operating expenses decreased by 1.1% year-over-year to $1.31 billion, attributed to lower commissions, transportation, and fuel costs, although partially offset by higher onboard costs and payroll expenses [5] - Gross cruise costs per Capacity Day were $285.92, up from $279.52 in the prior year, while adjusted net cruise costs (excluding fuel) per Capacity Day increased to $157.54 from $150.70 [6] 2024 Highlights - Total revenues for 2024 were $9.48 billion, an increase from $8.55 billion in 2023 [7] - Adjusted EBITDA for 2024 was $2.45 billion, compared to $1.86 billion in 2023, and adjusted earnings per share rose to $1.82 from 70 cents [7] Balance Sheet - As of December 31, 2024, cash and cash equivalents were $190.8 million, down from $402.4 million at the end of 2023, while long-term debt decreased to $11.78 billion from $12.31 billion [8] Booking and Demand - The company reported strong consumer demand across itineraries and brands, with occupancy during the quarter at 104.9% and advance ticket sales balance of $3.2 billion [10] - Bookings are expected to remain optimal into 2025 and 2026 [10] Guidance - For Q1 2025, NCLH anticipates occupancy of approximately 101.5% and adjusted EBITDA of about $435 million, with adjusted EPS predicted to be nearly 8 cents [11] - For the full year 2025, occupancy is expected to be around 103.4%, with adjusted EBITDA projected at nearly $2.72 billion and adjusted EPS at nearly $2.05 [12]