Royal Caribbean: Deserved Move Higher
Update - Feb. 7
Royal Caribbean just forecast a record year in 2023. It's crazy how a lot of people were short the stock thinking BK risk was real.
-Q4 Non-GAAP EPS of -$1.12 beats by $0.22.
-Revenue of $2.6B (+164.7% Y/Y) misses by $10M.
-The company expects to exceed prior record Adjusted EBITDA, achieved in 2019. The company expects Adjusted Earnings per Share in the range of $3.00 to $3.60 vs consensus of $3.23.
Original article posed on Jan. 13
- Travel sector peers have reported numbers suggestive of a big rebound ahead for cruise lines.
- Royal Caribbean had predicted record EPS in 2025 topping $10 and the American Airlines numbers make this prediction appear far more realistic.
- The stock is cheap trading at 6x 2025 EPS targets.
Comments