What's Going On With Royal Caribbean Cruises Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Royal Caribbean Cruises Ltd (NYSE:RCL) reported mixed Q4 FY23 results with a 27.8% Y/Y sales growth to $3.33 billion, slightly missing estimates, but an adjusted EPS of $1.25 beating expectations. Despite initial gains, RCL shares dropped 0.85% to $126.42. The company saw increased passenger ticket revenues and operating income, with a notable occupancy rate of 105.4%. Looking ahead, Royal Caribbean provided a positive outlook for Q1 and full-year 2024, expecting significant increases in net yields and adjusted EPS above consensus estimates.
February 01, 2024 | 3:38 pm
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Royal Caribbean Cruises Ltd reported mixed Q4 FY23 results, with a slight miss on sales but beating EPS estimates. Shares dropped 0.85% to $126.42. The company anticipates strong growth in 2024.
The mixed Q4 FY23 results, with a slight miss on sales expectations but a beat on EPS, initially led to a premarket gain but ultimately resulted in a 0.85% drop in share price. The positive outlook for 2024, with expected increases in net yields and EPS above consensus, suggests potential for recovery, but the immediate market reaction was negative, indicating short-term price pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100