Royal Caribbean Expects 2024 Adjusted EPS To Grow 40% Y/Y And Range Of $9.50-$9.70 (Est. $9.19)
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean forecasts a 40% year-over-year growth in its adjusted EPS for 2024, with expectations to hit $9.50-$9.70, surpassing the estimated $9.19. The company also anticipates achieving two of its Trifecta goals - triple digit EBITDA per APCD and ROIC in the teens - a year ahead of previous projections.
February 01, 2024 | 11:39 am
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Royal Caribbean anticipates a 40% Y/Y growth in adjusted EPS for 2024, aiming for $9.50-$9.70, above the $9.19 estimate. The company is also on track to meet two key Trifecta goals ahead of schedule.
The positive forecast for adjusted EPS growth significantly above market expectations suggests a strong financial outlook for Royal Caribbean, likely leading to increased investor confidence and a potential rise in stock price. Achieving key financial goals ahead of schedule further underscores the company's operational efficiency and financial health, reinforcing the positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100