Royal Caribbean Cruises 2Q Earnings Pregame Scorecard
Having exceeded expectations last quarter by 5 cents per share, Royal Caribbean Cruises (NYSE:RCL) is scheduled to report again on Thursday.
Expectations
Analysts currently expect Royal Caribbean Cruises to come in with earnings of 3 cents per share on revenues of $1.84 billion. Analyst estimates range from a loss per share to earnings per share. Over the past two months, the average estimate has moved down from 4 cents.
Stock Movement
The stock fell $2.69 per share between July 3, 2012 and July 12, 2012. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $2.43 (-9.1%), from $26.83 to $24.40.
Company Fundamental Trends
Stock Ratings
Analysts are bullish on the stock as seven analysts rate it as a buy and there are no sell ratings. That rating hasn't budged in three months as the average analyst rating of the stock has remained unchanged.
Last Quarter's Results
In the first quarter, profit fell 48.7% to $47 million (21 cents a share) from $91.6 million (42 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.7% to $1.83 billion from $1.67 billion.
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012
EPS: 3 cents
Revenue Estimate: $1.84 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)