RCL - Insights Into Royal Caribbean Q1: Wall Street Projections for Key Metrics | Benzinga
In its upcoming report, Royal Caribbean (NYSE: RCL) is predicted by Wall Street analysts to post quarterly earnings of $1.30 per share, reflecting an increase of 665.2% compared to the same period last year. Revenues are forecasted to be $3.64 billion, representing a year-over-year increase of 26.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors ...