Royal Caribbean (RCL) Tops Q1 EPS by 45c, Misses on Revenue; Offers FY24 EPS Guidance
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Royal Caribbean Cruises (RCL) PT Raised to $151 at Deutsche Bank
April 29, 2024 5:26 AM EDTDeutsche Bank analyst Chris Woronka raised the price target on Royal Caribbean Cruises (NYSE: RCL) to $151.00 (from $132.00) while maintaining a Hold rating.
The analyst comments "In a few months, we expect that the market will begin triangulating a sharper view on 2025, as... More
Royal Caribbean (RCL) tops Q1 expectations, raises full-year earnings guidance
April 25, 2024 6:45 AM EDTShares of Royal Caribbean (NYSE: RCL) surged 4.8% following the announcement of their first-quarter earnings, which exceeded analysts' expectations. The cruise operator reported an adjusted EPS of $1.77, surpassing the consensus estimate of $1.32. Revenue for the quarter was also higher than anticipated, coming in at $3.7 billion against the expected $3.69 billion.
The company attributed the strong performance to robust demand and higher onboard spending, which led to a notable increase in revenue and earnings compared to the same quarter last year. The positive results have prompted Royal Caribbean to raise its full-year 2024 adjusted EPS guidance... More
