Royal Caribbean's Q3 EPS Beats, But Goldman Sachs Cautions On Rising Q4 Costs And EPS Impact
Portfolio Pulse from Lekha Gupta
Royal Caribbean Cruises Ltd. (NYSE:RCL) reported mixed Q3 results with revenue slightly missing expectations but EPS beating estimates. However, Goldman Sachs cautions about rising Q4 costs and lower EPS guidance, partly due to Hurricane Milton and cost shifts. Despite short-term concerns, long-term demand and pricing conditions are improving.
October 29, 2024 | 6:17 pm
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NEUTRAL IMPACT
Defiance Hotel, Airline, and Cruise ETF (CRUZ) includes RCL, which reported mixed Q3 results. Short-term impact is neutral due to RCL's mixed outlook.
CRUZ holds RCL, which had mixed Q3 results. The ETF's short-term impact is neutral as RCL's outlook is mixed with strong long-term fundamentals.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Invesco Leisure and Entertainment ETF (PEJ) includes RCL, which reported mixed Q3 results. Short-term impact is neutral due to RCL's mixed outlook.
PEJ holds RCL, which had mixed Q3 results. The ETF's short-term impact is neutral as RCL's outlook is mixed with strong long-term fundamentals.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Royal Caribbean's Q3 EPS beat expectations, but Q4 guidance is lower due to rising costs and Hurricane Milton. Despite short-term challenges, long-term demand is strong.
RCL's Q3 EPS exceeded expectations, but Q4 guidance is lower due to cost increases and hurricane impact. This mixed outlook results in a neutral short-term impact, as long-term fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100