Whether you’re a growth, value, income, or momentum-focused investor, creating a successful investment portfolio requires skill, research, and a bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Royal Caribbean (RCL) for Your Portfolio?
Royal Caribbean was upgraded to the Zacks Rank #1 list on April 30, 2024. The Zacks Rank is a stock-rating model that helps take advantage of earnings estimate revision trends and identifies stocks highly sought after by institutional investors.
Headquartered in Miami and established in 1985, Royal Caribbean Cruises is a leading cruise company with three global brands — Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises. It also has a 50% stake in a joint venture with TUI AG, operating the brand TUI Cruises.
In the last 60 days, five analysts raised their earnings estimate for fiscal 2024, with the Zacks Consensus Estimate climbing to $11.10 per share, up $0.64. RCL has a solid average earnings surprise of 18.3%.
Analysts project a 64% earnings growth for the current fiscal year, coupled with a forecasted revenue increase of 16.9%.
Moreover, RCL’s value has surged over the past four weeks, rising by 9.1% compared to the S&P 500’s 3.4% gain.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean could be a valuable addition to your portfolio, potentially aiding in achieving your financial goals like retirement, education funds, or savings targets.