Royal Caribbean Group Royal Caribbean Group RCL $ 211.69 $8.17 4% 249% IBD Stock Analysis Clears brief shelf pattern; extended after September breakout Composite Rating 99 /99 Industry Group Ranking 37 /197 Emerging Pattern Consolidation Consolidation A sideways pattern that doesn’t fit traditional base definitions. Sometimes will have a handle.
Royal Caribbean is the IBD Stock Of The Day for Tuesday. RCL stock reversed to clear a follow-on entry opportunity after the cruise giant reported Q3 results and raised its outlook.
Royal Caribbean (RCL) on Tuesday reported a 35% increase in earnings to $5.20 per share adjusted, which beat FactSet expectations of $5.04 per share. Revenue increased 17.5% to $4.89 billion, just below analyst views.
The company’s occupancy rate, or load factor, rose to 111% for the quarter, up from 108% in Q2 and about 110% last year, respectively.
Passenger ticket revenues increased 18% to $3.47 billion, while onboard and other revenues rose 16% to about $1.42 billion.
Royal Caribbean said the demand and pricing environment has accelerated since its last earnings report and has exceeded expectations. Meanwhile, onboard consumer spending continues to
Royal Caribbean Clears Entry, Surges On Results, Hiked Guidance
- Advertisment - 