Royal Caribbean (RCL) To Report Q3 Earnings: What's In Store?
Zacks Investment Research | Oct 21, 2019 10:25PM ET
Royal Caribbean Cruises Ltd. (NYSE:RCL) is likely to register growth in the bottom line when it reports third-quarter 2019 results. In the last reported quarter, the company delivered a positive earnings surprise of 3.7%.
What to Expect?
The Zacks Consensus Estimate for third-quarter earnings is pegged at $4.32, which is higher than the year-ago quarter figure of $3.98. Over the past seven days, the company’s earnings estimates have witnessed an upward revision of a penny. The Zacks Consensus Estimate for revenues stands $3,223 million, indicating an improvement of 8.5% from the prior-year quarter.
Let’s delve deeper to find out how this global cruise vacation company’s top and bottom line will shape up in the to-be-reported quarter.
Factors at Play
Higher passenger ticket revenues; and onboard and other revenues are anticipated to get reflected in the company’s third-quarter 2019 results. Per the Zacks Consensus Estimate, passenger ticket revenues are likely to increase 15.2% year over year to $2,354 million. Moreover, the consensus mark for the onboard and other revenues is pegged at $868 million, up 15.3% on a year-over-year basis.
Royal Caribbean’s results are anticipated to reflect the increasing demand for cruises and solid booking trends, and other cost-cutting initiatives. Meanwhile, the company’s sailings in the United States, Europe, Alaska, Baltic and Asia have been performing well, a trend that is likely to have continued in the third quarter. While the company’s capacity growth is likely to have aided it in meeting the increased demand, ship innovation and technology investment are anticipated to have led to higher yields in the third quarter.
Royal Caribbean Cruises Ltd. Price and EPS Surprise
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