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home / news releases / CUKPF - Royal Caribbean: Booming Sector

CUKPF - Royal Caribbean: Booming Sector

Carnival Plc

2024-06-25 18:09:02 ET

Summary

  • Carnival Corporation & plc reported surprising profits, even in off-peak months, with record customer deposits and increased cash flow.
  • The numbers should provide confidence in Royal Caribbean Cruises Ltd. topping 2024 EPS targets of $11.
  • Royal Caribbean Cruises stock is cheap at only 11x '26 EPS targets.

Before the open, Carnival Corporation & plc ( CCL ) reported another strong quarter. Even the worst cruise line is now solidly profitable, leaving Royal Caribbean Cruises Ltd. ( RCL ) incorrectly priced for the current earnings stream, much less the likely upside. My investment thesis is still Bullish for RCL even as the stock zooms to new all-time highs....

For further details see:

Royal Caribbean: Booming Sector
Stock Information
Company Name: Carnival Plc
Stock Symbol: CUKPF
Market: OTC
Website: carnivalplc.com
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