Royal Caribbean Group Raises 2024 Adjusted EPS Forecast From $9.50-$9.70 To $9.90-$10.10, Est $9.77
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean Group has increased its 2024 Adjusted EPS forecast from $9.50-$9.70 to $9.90-$10.10, surpassing the estimated $9.77, due to a strong WAVE season. The company attributes $0.15 of the full-year increase in adjusted EPS to an improved revenue outlook for Q1 2024 and expects to achieve all Trifecta goals in 2024.
February 21, 2024 | 10:26 pm
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Royal Caribbean Group has raised its 2024 Adjusted EPS forecast to $9.90-$10.10, indicating a positive outlook based on a strong WAVE season and an improved revenue outlook for Q1 2024.
The increase in the 2024 Adjusted EPS forecast for Royal Caribbean Group is a strong indicator of the company's positive performance and outlook, particularly noting the impact of a strong WAVE season and an improved revenue outlook for the first quarter of 2024. This update is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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