Royal Caribbean Cruises Ltd. Third Quarter Earnings Sneak Peek

Royal Caribbean Cruises Ltd. (NYSE:RCL) will unveil its latest earnings on Thursday, October 27, 2011. Royal Caribbean Cruises operates in the cruise vacation industry. It owns five cruise brands: Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France.

Royal Caribbean Cruises Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.86 per share, a rise of 13.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.02. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.86 during the last month. Analysts are projecting profit to rise by 33.8% versus last year to $2.85.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at profit of 43 cents per share versus a mean estimate of net income of 44 cents per share. In the first quarter, the company beat estimates by 18 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.28 billion in revenue this quarter, a rise of 10.7% from the year ago quarter. Analysts are forecasting total revenue of $7.55 billion for the year, a rise of 11.9% from last year’s revenue of $6.75 billion.

Analyst Ratings: seven out of 12 analysts surveyed (58.3%) have a buy rating on Royal Caribbean Cruises.. This is below the mean analyst rating of nine competitors, which average 95.2% buy ratings.

A Look Back: In the second quarter, profit rose 54.4% to $93.5 million (43 cents a share) from $60.5 million (28 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 10.4% to $1.77 billion from $1.6 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 12.6%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 16.8% from the year earlier quarter.

Competitors to Watch: Carnival Corporation (NYSE:CCL), Wyndham Worldwide Corp. (NYSE:WYN), Carnival plc (NYSE:CUK), Ambassadors Intl., Inc. (NASDAQ:AMIE).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $5.07 (22.7%) from $22.38 to $27.45. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 11, 2011 when shares rose for seven-straight days, rising 6.3% (+$2.83) over that span. It saw one of its worst periods between May 18, 2011 and May 26, 2011 when shares fell for seven-straight days, falling 7.1% (-$2.88) over that span. Shares are down $19.37 (-41.4%) year to date.

(Source: Xignite Financials)

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