Published on 26 May 2023 on Zacks via Yahoo Finance
Royal Caribbean Cruises Ltd. RCL is poised to benefit from improvements in booking activities, e-commerce enhancements and fleet-expansion efforts. Also, the improved pricing environment and the continued strength in onboard revenue areas have been important factor for sales improvement over the last few quarters.Shares of Royal Caribbean have surged 34.1% in the past three months compared with the industry’s 9.7% growth. The price performance was backed by a solid earnings surprise history. Royal Caribbean’s earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters. Earnings estimates for full-year 2023 and 2024 have moved up 40.6% and 18.6%, respectively, in the past 30 days. This positive trend signifies bullish analysts’ sentiments and justifies the company’s Zacks Rank #1 (Strong Buy). This indicates robust fundamentals and expectations of outperformance in the near term. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Driving Growth
Royal Caribbean has been benefiting from strong close-in demand for Caribbean sailings, improving pricing environment and the continued strength in onboard revenues.
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