Royal Caribbean posts earnings, guidance beat as demand 'continues to outpace broader travel'
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Royal Caribbean upbeat on 2024 profit as strong booking trends persist
February 1, 2024 6:35 AM ESTBy Granth Vanaik and Doyinsola Oladipo
(Reuters) -Royal Caribbean Group projected 2024 profit above Wall Street expectations after robust demand for cruise vacations and steeper ticket prices helped it beat fourth-quarter earnings estimates on Thursday.
With travelers opting for cruises instead of more expensive land-based vacation options, operators are experiencing record levels of bookings compared to pre-pandemic levels, giving them enough room to mark up ticket prices.
"2023 was an exceptional year, propelled by unmatched demand for our brands from new and loyal guests," said CEO... More
Royal Caribbean (RCL) Tops Q4 EPS by 11c, Misses on Revenue; Offers FY24 EPS Guidance
February 1, 2024 6:33 AM ESTRoyal Caribbean (NYSE: RCL) reported Q4 EPS of $1.25, $0.11 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.33 billion versus the consensus estimate of $3.36 billion.
GUIDANCE:
Royal Caribbean sees FY2024 EPS of $9.50-$9.70, versus the consensus of... More
Royal Caribbean (RCL) option IV elevated into quarter results and outlook
January 31, 2024 10:56 AM ESTRoyal Caribbean (NYSE: RCL) February weekly call option implied volatility is at 106, February is at 51; compared to its 52-week range of 30 to 57 into the expected release of quarter results before the bell on February 1.
... MoreRoyal Caribbean Cruises (RCL) PT Raised to $150 at Susquehanna
January 31, 2024 7:20 AM ESTSusquehanna analyst Christopher Stathoulopoulos raised the price target on Royal Caribbean Cruises (NYSE: RCL) to $150.00 (from $120.00) while maintaining a Positive rating.... More
Royal Caribbean (RCL) February weekly 126 straddle priced into quarter results
January 31, 2024 5:48 AM ESTRoyal Caribbean (NYSE: RCL) February weekly 126 straddle priced for a move of 6% into the expected release of quarter results before the bell on February 1.
... More