Royal Caribbean Lifts FY EPS View to $17.73-$17.87, Reversing Prior Cut
RCL sits 25% above its 52-week low of $232.1.
Summary
Royal Caribbean raised its full-year adjusted EPS guidance to $17.73-$17.87, up from the $17.10-$17.50 range it set in April when fuel costs forced a cut. The new midpoint of $17.80 is about 3% above the prior high end, signaling demand strength is more than offsetting cost pressures. This follows the April guidance reduction and the cancellation of the Perfect Day Mexico project in May, so the raise suggests the core cruise business is performing well. The company reported Q2 profit that beat estimates, though profit declined compared to the prior year.
At the time of this announcement, RCL was trading at $289.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $81.8B. The 52-week trading range was $232.10 to $366.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.