Royal Caribbean Cruises (NYS: RCL) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Royal Caribbean Cruises beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank.
Margins shrank across the board.
Royal Caribbean Cruises booked revenue of $2.23 billion. The 22 analysts polled by S&P Capital IQ expected revenue of $2.19 billion on the same basis. GAAP reported sales were 4.1% lower than the prior-year quarter's $2.32 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 $1.68. The 18 earnings estimates compiled by S&P Capital IQ forecast $1.48 per share. GAAP EPS of $1.68 for Q3 were 7.7% lower than the prior-year quarter's $1.82 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.4%, 10 basis points worse than the prior-year quarter. Operating margin was 20.3%, 160 basis points worse than the prior-year quarter. Net margin was 16.5%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.81 billion. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $7.70 billion. The average EPS estimate is $1.93.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 412 members out of 497 rating the stock outperform, and 85 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give Royal Caribbean Cruises a green thumbs-up, and 16 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 $31.13.
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The article Royal Caribbean Cruises Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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