Royal Caribbean Cruises Ltd. (NYSE:RCL) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 5.12 per share.
For the full year, analysts predict revenues of $ 2322.75 million, while looking forward to loss of $ 17.51 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 10.40 ~ $ 10.70 per share
Click Here For More Historical Outlooks Of Royal Caribbean Cruises Ltd.
Previous Quarter Performance
Royal Caribbean Cruises Ltd. disclosed loss for the second quarter of $ 6.13 per share, from the revenue of $ 175.60 million. The quarterly revenues shrunk 93.74 percent compared with the same quarter last year. Wall street analysts are predicting, RCL to report 2Q20 loss of $ 4.82 per share from revenue of $ 43.50 million. The bottom line results missed street analysts by $ 1.31 or 27.18 percent, at the same time, top line results outshined analysts by $ 132.10 million or 303.68 percent.
Stock Performance
Shares of Royal Caribbean Cruises Ltd. traded low $ -4.26 or -7.42 percent on Wednesday, reaching $ 53.12 with volume of 9.32 million shares. Royal Caribbean Cruises Ltd. has traded high as $ 55.61 and has cracked $ 53.06 on the downward trend
According to the previous trading day, closing price of $ 53.12, representing a 198.08 % increase from the 52 week low of $ 19.25 and a 57.6 % decrease over the 52 week high of $ 135.32.
The company has a market capital of $ 11.85 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
Royal Caribbean Cruises Ltd. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rclcorporate.com
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands.
