Royal Caribbean Cruises (NYSE: RCL) will be reporting their second quarter financial results before the market opens on August 4. Analysts have a consensus $92.75 12-month price target on the company, via a total of 18 analysts, with 3 analysts having strong buy ratings, 5 analysts having buy ratings, 7 have hold ratings and 3 analysts have sell ratings on the stock. The street high comes from Credit Suisse with a $135 price target, and the lowest target sits at $161.
11 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 11 analysts is $149.69 million; this number has been revised down from $684.68 million at the start of the year. The highest revenue estimate is $365 million, while the lowest is $34.1 million.
The analyst consensus for net income for the second quarter is -$1.08 billion, this is down from the start of the year at -$823 million. The highest net income estimate is -$786.5 million, while the lowest is -$1255 billion.
Onto EBITDA estimates, there are currently 8 analysts who have second quarter EBITDA estimates. The mean is currently -$510.8 million, with this number having been revised down from -$301.79 million at the start of the year. The street high estimate currently sits at -$211.5 million in EBITDA and the lowest is -$654.52 million.
Analysts estimate that quarterly earnings per share will come in at -$4.39, with this number being revised slightly lower from -$4.28 at the start of the year. The street high is -$3.09 and the lowest estimate is -$4.93 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
