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Here's What Key Metrics Tell Us About Royal Caribbean (RCL) Q2 Earnings
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For the quarter ended June 2024, Royal Caribbean (RCL - Free Report) reported revenue of $4.11 billion, up 16.7% over the same period last year. EPS came in at $3.21, compared to $1.82 in the year-ago quarter.
The reported revenue represents a surprise of +2.58% over the Zacks Consensus Estimate of $4.01 billion. With the consensus EPS estimate being $2.77, the EPS surprise was +15.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
APCD (Available passenger cruise days): 12,233.2 Days compared to the 12,226.29 Days average estimate based on five analysts.
Occupancy Rate: 108.2% versus the four-analyst average estimate of 108.9%.
Passenger Cruise Days: 13,230.45 Days versus 13,320.69 Days estimated by four analysts on average.
Net Cruise Costs Excluding Fuel per APCD: $123.65 compared to the $126.16 average estimate based on three analysts.
Net Cruise Costs per APCD: $146.70 compared to the $149.99 average estimate based on three analysts.
Passengers Carried: 2,040.24 thousand versus 2,121.59 thousand estimated by two analysts on average.
Revenues- Onboard and other: $1.22 billion compared to the $1.22 billion average estimate based on six analysts. The reported number represents a change of +13.3% year over year.
Revenues- Passenger ticket: $2.89 billion compared to the $2.81 billion average estimate based on six analysts. The reported number represents a change of +18.2% year over year.
Shares of Royal Caribbean have returned +1.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Royal Caribbean (RCL) Q2 Earnings
For the quarter ended June 2024, Royal Caribbean (RCL - Free Report) reported revenue of $4.11 billion, up 16.7% over the same period last year. EPS came in at $3.21, compared to $1.82 in the year-ago quarter.
The reported revenue represents a surprise of +2.58% over the Zacks Consensus Estimate of $4.01 billion. With the consensus EPS estimate being $2.77, the EPS surprise was +15.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- APCD (Available passenger cruise days): 12,233.2 Days compared to the 12,226.29 Days average estimate based on five analysts.
- Occupancy Rate: 108.2% versus the four-analyst average estimate of 108.9%.
- Passenger Cruise Days: 13,230.45 Days versus 13,320.69 Days estimated by four analysts on average.
- Net Cruise Costs Excluding Fuel per APCD: $123.65 compared to the $126.16 average estimate based on three analysts.
- Net Cruise Costs per APCD: $146.70 compared to the $149.99 average estimate based on three analysts.
- Passengers Carried: 2,040.24 thousand versus 2,121.59 thousand estimated by two analysts on average.
- Revenues- Onboard and other: $1.22 billion compared to the $1.22 billion average estimate based on six analysts. The reported number represents a change of +13.3% year over year.
- Revenues- Passenger ticket: $2.89 billion compared to the $2.81 billion average estimate based on six analysts. The reported number represents a change of +18.2% year over year.
View all Key Company Metrics for Royal Caribbean here>>>Shares of Royal Caribbean have returned +1.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.