Royal Caribbean Cruises Ltd (RCL:NYE) is anticipated to report its Q4 2022 financial results before the market starts today. Analysts anticipate a loss of $1.34 per share on revenues of $2.61 billion, a considerable improvement from the company’s Q4 2021 results when it produced a loss of $4.78 per share on revenues of $982.25 million.
Investors and analysts will closely monitor RCL’s bookings and occupancy rates in 2023 to determine the company’s performance. In addition, shareholder attention will be piqued by commentary on RCL’s debt management, which rose throughout the epidemic.
Citigroup analyst James Hardiman has retained his Buy rating and $80 price target for RCL stock, naming it his top pick among cruise companies. In 2023, he anticipates that travel demand momentum would surpass macroeconomic obstacles, making cruise stocks a compelling long-term investment.
Over the next twelve months, analysts project that the average price objective for RCL stock will be $68.10 with an average rating of Buy. RCL stock price is currently $69.09, with an average price estimate of $74.33, indicating an upside potential of 8.6%, according to Stock Target Advisor’s own evaluation.
Company Profile:
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide.
The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations.
As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
