Royal Caribbean Cruises Ltd (RCL) exceeded earnings estimates for the third quarter, prompting analysts to offer mixed reactions. While some analysts remain optimistic about the company’s future, others are cautious about the outlook due to factors like hurricane impacts and a slower-than-expected revenue growth rate.
Royal Caribbean Cruises (RCL) stock gained over 3% on Tuesday despite reporting mixed third-quarter results. While revenue exceeded expectations, adjusted earnings per share (EPS) beat estimates but fell short of investor expectations due to anticipated cost increases. Goldman Sachs analyst Lizzie Dove highlights the impact of Hurricane Milton and a shift in cost timing on the fourth-quarter outlook, but remains optimistic about the company’s long-term fundamentals.
Royal Caribbean Group (RCL) is set to release its quarterly earnings on Tuesday, October 29th. Analysts expect strong earnings, but investors will be closely watching for guidance on future performance. This article dives into the company’s recent performance, analyst expectations, and a comparison to its peers to help you understand what to expect from the earnings call.
