Earnings Reaction History: Royal Caribbean Cruises (NYSE:RCL) has a 64.29% chance to rise

Royal Caribbean Cruises Ltd. (NYSE:RCL) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 27, 2017. The stock added about 10.9 percent in price since last results when it was at $87.67 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.

Here’s how traders responded to RCL earnings announcements over the past few quarters.

Royal Caribbean Cruises Ltd. (RCL) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 22.26 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $1.23 which beat the consensus $1.22 projection (positive surprise of0.82%. For the quarter, revenue came in at 1.91B versus consensus estimate of 1.96B. The stock gained 9.09 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 28, 2016, it reported earnings at $3.2 a share compared with the consensus estimate of $3.1 per share (positive surprise of 3.23%). Revenue of 2.56B for that quarter was below the $2.58B analysts had expected. The stock climbed 9.43% the day following the earnings announcement, and on 7th day price change was 11.81%.

On August 2, 2016, it recorded $1.09 a share in earnings which topped the consensus estimate of $1.02 (positive surprise of 6.86%). Revenue for the quarter was $2.11B while analysts called for revenues to be $2.17B. The stock dropped -6.28% the day following the earnings data was made public, and on 7th day price change was 2.94%.

On April 29, 2016, it announced earnings per share at $0.57 versus the consensus estimate of $0.32 per share (positive surprise of 78.13%). That came on revenues of $1.92B for that period. Analysts had expected $1.92B in revenue.

Royal Caribbean Cruises Ltd. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.9. The analysts’ present consensus range is $0.68-$0.98 for EPS. The market consensus range for revenue is between $1.96B and $2.05B, with an average of $2.01B.

Royal Caribbean Cruises Ltd. (NYSE:RCL) last ended at $96.89, sending the company’s market cap near $20.85B. The consensus 12-month price target from analysts covering the stock is $105.41. The share price has declined -0.85% from its top level in 52 weeks and dropped 18.69% this year. It recently traded in a range of $96.4-$97.65 at a volume of 1165276 shares. The recent trading ended with the price nearly 2.19 higher for the last 5 trading days, rebounding 51.8% from its 52-week low.