Laura Laviada

Demand in the cruise line industry during 2H 08 was adversely affected by recessionary pressure in North America and Europe. As a result, RCL experienced a slowdown in bookings as consumers deferred travelling decisions in light of the prevailing economic slowdown. RCL’s revenue yields are set to decline in light of the withdrawal of fuel supplements in 1Q 09 given the recent drop in crude oil prices, and consequently fuel prices. We also expect a downward revision in ticket prices, due to...Read Full Story

Royal Caribbean Cruises Ltd’s (RCL) 1Q 09 total revenues and earnings beat our and the street’s expectations. This prompted a significant 20.6% increase in the NYSE common stock in a single trading session at the close of trading on 23 April 2009, achieving our BUY target. RCL has not materially changed its guidance for FY 2009 and as our fundamental target price has been met, we downgrade the stock from a BUY to HOLD, as we believe it has exhausted its potential upside. We will review our...Read Full Story

Royal Caribbean Cruises Ltd.’s (RCL) NYSE common stock soared 21.3% in a single trading session on 24 February 2009 as investors took advantage of the stock’s cheap valuation. However, in view of slowing discretionary consumer spending and a tough macro economic environment, we maintain our HOLD rating for the NYSE common stock although our target price does not support a HOLD. We will reassess stock target price and rating in our next full update report in the coming weeks. As we continue to...Read Full Story

Cruise operator Royal Caribbean Cruises Ltd. reports earnings for its first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Royal Caribbean's first quarter encompassed the cruise industry's all-important "wave season," the period from January through March when cruise bookings usually surge. Despite the drop in consumer spending, Royal Caribbean said booking patterns seemed to stabilize in January although the company...Read Full Story

Royal Caribbean Cruises Ltd. (RCL) reported second-quarter 2010 non-recurring earnings of 28 cents per share, well ahead of Zacks Consensus Estimate of 19 cents and the year-earlier quarter’s loss of 22 cents. Read More Source: Zacks.com Subscribe to our ‘ Zack’s Analyst Blog ‘ category.Read Full Story