Is Further Upside Left in the Stock?
Royal Caribbean (RCL) shares soared 16.3% in the last trading session to close at $209.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 13% loss over the past four weeks.
Following President Trump’s announcement to suspend U.S. tariffs on most countries for 90 days, Royal Caribbean shares soared, reflecting renewed investor optimism.
This cruise operator is expected to post quarterly earnings of $2.52 per share in its upcoming report, which represents a year-over-year change of +42.4%. Revenues are expected to be $4 billion, up 7.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential…
