Royal Caribbean Raises 2024 Adj. EPS Guidance To $10.70-$10.90 vs $10.06 Est.
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean has increased its adjusted EPS guidance for 2024 to $10.70-$10.90, surpassing the previous estimate of $10.06.

April 25, 2024 | 10:33 am
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Royal Caribbean has raised its 2024 adjusted EPS guidance to a range of $10.70-$10.90, exceeding analysts' expectations of $10.06.
Raising EPS guidance typically signals a company's confidence in its future profitability, which can positively influence investor sentiment and potentially lead to an increase in stock price. Given that the new guidance significantly exceeds the previous estimates, this update is likely to be viewed positively by the market, suggesting a potential uptick in RCL's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100