Royal Caribbean Cruises Ltd. (RCL:NYE), a global cruise line company, will report its fiscal fourth quarter 2022 results before the market opens on February 7.
Royal Caribbean stock is currently trading at $68.44.
What to Expect?
Analysts and investors anticipate the firm to report an adjusted loss of $1.34 per share on revenues of $2.61 billion, a significant increase over the same quarter last year when it reported an adjusted loss of $4.78 per share on revenues of $982.25 million.
Analysts believe the cruise sector will have a good resurgence in 2023 and forecast RCL’s annual earnings to be positive. Citigroup analyst James Hardiman has confirmed his Buy rating with a price objective of $80 (16.9% upside potential) and stated that Royal Caribbean stock is his top pick among cruise companies. After declining 16.5% in the preceding year, Royal Caribbean stock has gained 40.5% thus far in 2023.
Investors will need to closely monitor RCL’s bookings and occupancy rates, as well as any comments on debt management, to gain a better understanding of RCL’s performance in the coming year. The current analyst consensus on Royal Caribbean stock is a Buy rating with a 12-month average price objective of USD 66.32.
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.
