Royal Caribbean Cruises Ltd. (NYSE:RCL) is reporting second quarter earnings results on Monday 10th August 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 4.82 per share.
For the full year, analysts predict revenues of $ 2959.06 million, while looking forward to loss of $ 13.79 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 10.40 ~ $ 10.70 per share
Click Here For More Historical Outlooks Of Royal Caribbean Cruises Ltd.
Previous Quarter Performance
Royal Caribbean Cruises Ltd. announced loss for the first quarter of $ 1.48 per share, from the revenue of $ 2,033.00 million. The quarterly revenues fell 16.67 percent compared with the same quarter last year. According to street consensus, RCL was expected to report 1Q20 loss of $ 0.44 per share from revenue of $ 2024.22 million. The bottom line results missed street analysts by $ 1.04 or 236.36 percent, at the same time, top line results outshined analysts by $ 8.78 million or 0.43 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RCL was $ 52.10, representing a 170.65 % increase from the 52 week low of $ 19.25 and a 61.5 % decrease over the 52 week high of $ 135.32.
The company has a market capital of $ 11.18 billion and is part of the Consumer Cyclical sector and Leisure industry.
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Recent Analyst recommendations
- On 14th July 2020, downgraded by Macquarie to Neutral from Outperform rating, with $ 52.00 target price.
- On 24th June 2020, downgraded by Barclays to Equal-Weight from Overweight rating, with $ 50.00 target price.
Conference Call
Royal Caribbean Cruises Ltd. will be hosting a conference call at 10:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rclcorporate.com
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands.