Royal Caribbean Cruises (NYS: RCL) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Royal Caribbean Cruises met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Gross margins grew, operating margins dropped, net margins dropped.
Royal Caribbean Cruises reported revenue of $1.82 billion. The 22 analysts polled by S&P Capital IQ foresaw sales of $1.84 billion on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $1.77 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The 19 earnings estimates compiled by S&P Capital IQ anticipated $0.03 per share. GAAP EPS were -$0.02 for Q2 compared to $0.43 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.5%, 1,260 basis points better than the prior-year quarter. Operating margin was 5.3%, 420 basis points worse than the prior-year quarter. Net margin was -0.2%, 550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.31 billion. On the bottom line, the average EPS estimate is $1.66.
Next year's average estimate for revenue is $7.83 billion. The average EPS estimate is $1.98.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 414 members out of 498 rating the stock outperform, and 84 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Royal Caribbean Cruises a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Royal Caribbean Cruises is outperform, with an average price target of $32.83.
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The article Royal Caribbean Cruises Goes Red originally appeared on Fool.com.
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