Royal Caribbean Cruises Ltd reports results for the quarter ended June 30 - Earnings Summary

• Royal Caribbean Cruises Ltd RCL.N reported quarterly adjusted earnings of $4.38​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $3.21. The mean expectation of twenty analysts for the quarter was for earnings of $4.09 per share. Wall Street expected results to range from $3.96 to $4.21 per share.

• Revenue rose 10.4% to $4.54 billion from a year ago; analysts expected $4.55 billion.

• Royal Caribbean Cruises Ltd's reported EPS for the quarter was $4.41​.

• The company reported quarterly net income of $1.21 billion.

• Royal Caribbean Cruises Ltd shares had risen by 12.4% this quarter and gained 52.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the hotels, motels & cruise lines peer group is also "buy"

• Wall Street's median 12-month price target for Royal Caribbean Cruises Ltd is $344.50, about 2.2% below its last closing price of $352.00

This summary was machine generated from LSEG data July 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)