UBS Q2 Preview on Royal Caribbean Cruises (RCL); Adjusting The Numbers

UBS maintains a 'Neutral' on Royal Caribbean Cruises (NYSE: RCL) price target of $26.00 (from $28.00).

Analyst, Robin M. Farley, said, "We estimate Q2 EPS of $0.03 vs. consensus $0.02 and guidance ($0.05)-$0.05, though fuel and FX could have helped quarter by $0.04, so implicit range could be ($0.01)-$0.09. We expect Q2 constant FX net yield of +2% on same store basis (ex Pullmantur ops and Asia deployment), in line with +2% guidance."

FY12 EPS estimate lowered from $1.89 to $1.80 and FY13 from $2.51 to $2.34.

For an analyst ratings summary and ratings history on Royal Caribbean Cruises click here. For more ratings news on Royal Caribbean Cruises click here.

Shares of Royal Caribbean Cruises closed at $24.64 yesterday.

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