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Royal Caribbean Cruises Q4 Earnings Preview
Posted January 18, 2012
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Royal Caribbean Cruises owns five brands in the cruise vacation industry. The company will report its fourth quarter earnings on Monday, January 23, 2012.
Expectations: Analysts are expecting the company to come in with earnings of 15 cents per share, 25% less than a year ago, when it reported earnings of 20 cents per share. The consensus estimate is down from three months ago when it was 22 cents, but is unchanged over the past month. For the fiscal year, analysts are expecting earnings of $2.76 per share. The company is projected to top last year's reported revenue of $1.6 billion by 10.9% to come in $1.78 billion for the quarter. The company is expected to report revenue of $7.55 billion for the fiscal year.
Performance: The company has reported double-digit revenue increases for the past four quarters. Over that time span, revenue has increased by an average of 11.5%, with the largest growth in the most recent quarter when it rose 12.7% year over year. The company's net income has been increasing for three consecutive quarters. In the third quarter, net income rose 11.8% while it rose 54.4% in the second quarter and 4.7% in the first quarter. The stock price has increased from $26.39 on October 20, 2011 to $26.97 over the past quarter. The biggest recent change for Royal Caribbean Cruises' stock price came on November 30, 2011, when it rose $2.65 per share to $27.60.
Ratings: The majority of analysts (58.3%) rate the stock as a buy. That is still below the mean analyst rating of its nearest nine competitors, which average 90.9% buys. This rating hasn't changed in three months.
Earnings estimates provided by Zacks.
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