Royal Caribbean Stock (NYSE: RCL) To Post 3rd Quarter Earnings Report On October 29; Know What’s In Store For RCL Stocks

Royal Caribbean Cruise Ltd.
Royal Caribbean Cruise Ltd.

According to Zacks Investment Research, Royal Caribbean stock is expected to announce its EPS (earnings per share) for this fiscal quarter on the 29th of October. Zacks estimates that the company will post negative earnings for Q3 of 2020. Royal Caribbean stocks also announced a negative of 30.2% revenue in the last quarter of 2020.

Zacks Makes Estimate Analysis Of Royal Caribbean Stock Earnings

Royal Caribbean Cruise Ltd.
Royal Caribbean Cruise Ltd.

Compared to last year, the earnings of this year show considerable change. Last year Royal Caribbean posted its quarterly earnings for this same quarter as $4.27. This suggests that the firm had a negative year-over-year rate of growth. Zacks estimates that the Q3 earnings will be a loss of $4.92 EPS. 

The quarterly earnings for the previous fiscal quarter was released by the company on the 10th of August. The earnings stood at $6.13 EPS for that quarter as opposed to the general consensus on the estimated earnings at $4.82. The company’s return on equity also stood at 3.68% along with the net margin of 24.36%. The estimated income for the firm was marked at $157.88 million but it made $175.80 for that quarter. During the same time previous year, the firm’s EPS was $2.54. Royal Caribbean stock’s revenue was down by 93.7% based on a year-over-year calculation.

Royal Caribbean stocks traded at $53.96 this Tuesday. According to recent stats, the quick ratio of RCL stocks is 0.96. 0.99 is the company’s current ratio. The debt-to-equity ratio stands at 1.98. Royal Caribbean stock’s market cap is $12.04 billion. The PE and PEG ratio are yet unavailable. The 12-monthly low for NYSE: RCL stocks is $19.25 and the high is $135.31.

Royal Caribbean Stock On “Hold” Rating Consensus

Zacks Investment Research analysts estimate that Q3 earnings result will likely be hit by the global pandemic crisis. The months of lockdown and travel restrictions is likely to show in the earnings report to be posted tomorrow by Royal Caribbean Cruise Ltd.

Among institutional investors and firms, Camping World Holdings Inc. has ranked Royal Caribbean stock as “Strong Buy”. Brunswick Corporation has given the rank of “Buy”. Activision Blizzard Inc has also given a “Buy” rank to RCL stocks. Zacks has ranked RCL stock as “Sell”.

20 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Royal Caribbean stocks in the previous year. The company currently has 2 sell ratings, 9 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of “Hold.”

Several investors and hedge funds are also attracted to Royal Caribbean stocks currently.