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Barchart
Barchart
Aditya Sarawgi

What to Expect from Royal Caribbean Cruises' Q3 2024 Earnings Report

Royal Caribbean Royal Caribbean Cruises Cruises RCL

Miami-based Royal Caribbean Cruises Ltd. (RCL) operates as a global cruise vacation company. With a market cap of $46.3 billion, the company operates cruise brands like Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises and holds interest in TUI Cruises, Pullmantur and SkySea Cruises. It is expected to release its Q3 earnings before the market opens on Tuesday, Oct. 29.

Ahead of the event, analysts expect Royal Caribbean Cruises to report a profit of $5.05 per share, up 31.2% from $3.85 per share reported in the year-ago quarter. Moreover, it has surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew 76.4% year-over-year to $3.21, exceeding the consensus estimates by 15.9%.

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