Royal Caribbean Cruises Posts Q3 Earnings Beat, But Analysts Say All Is Not Well
Royal Caribbean Cruises Posts Q3 Earnings Beat, But Analysts Say All Is Not Well
Royal Caribbean Cruises' net yields came in below investor expectations and the implied decline in the fourth quarter was an initial disappointment, Dove said in a note. Royal Caribbean Cruises Ltd (NYSE:RCL) reported upbeat earnings for the third quarter.
皇家加勒比郵輪有限公司（NYSE:RCL）報告第三季度盈利樂觀。
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
該公司在令人興奮的季度業績發佈季節公佈了其業績。以下是一些主要分析師的要點。
Goldman Sachs On Royal Caribbean Cruises
高盛對皇家加勒比郵輪的看法
Analyst Lizzie Dove maintained a Buy rating while raising the price target from $220 to $245.
分析師莉齊·道夫（Lizzie Dove）維持買入評級，將價格目標從220美元提高至245美元。
Royal Caribbean Cruises' net yields came in below investor expectations and the implied decline in the fourth quarter was an initial disappointment, Dove said in a note.
道夫在一份報告中表示，皇家加勒比郵輪的淨收益低於投資者預期，四季度估計的下降是一個初步的失望。
She added that the fourth-quarter net yield guidance of 5.3%-5.8% includes a headwind of around 40 basis points (bps) from Hurricane Milton and "several bps headwind from the canceled Icon itinerary."
她補充說，四季度淨收益指引爲5.3%-5.8%，包括約40個點子（bps）的颶風米爾頓帶來的阻力，以及"取消Icon行程"帶來的幾個bps阻力。
The focus during the company's earnings release was on 2025 and beyond, "as investors looked through the 4Q guidance which came in a touch light, and 3Q results which were also a little lower than investor expectations," the analyst stated.
分析師表示，公司業績發佈期間的重點是2025年及以後，"因爲投資者瞄準了略低於預期的第四季度指引，以及略低於投資者預期的第三季度結果。"
Management guided to 2025 adjusted earnings of $14 per share, which was "just a starting point and "does not factor in several drivers of upside including, notably, buybacks," she added.
管理層計劃將2025年調整後的每股收益目標定爲14美元，這只是一個起點，"沒有考慮到多項上行驅動因素，特別是回購。"
Truist Securities On Royal Caribbean Cruises
Truist Securities對皇家加勒比郵輪的看法
Analyst Patrick Scholes reiterated a Hold rating and price target of $204.
分析師Patrick Scholes重申了持有評級，並將目標價定爲204美元。
Royal Caribbean Cruises delivered "a sizable earnings beat," but this was expected, given the company's track record over the past year, Scholes said. The earnings upside was driven by costs, rather than revenues and the growth rate of commission expense was again significantly below growth in passenger ticket revenue, he added.
皇家加勒比郵輪實現了「可觀的盈利超額」，但這在所料之中，考慮到公司過去一年的業績記錄，Scholes說。收益向上的推動因素是成本，而不是營業收入，佣金支出的增長幅度再次明顯低於旅客票務收入的增長，他補充道。
Although the company outperformed its third-quarter earnings guidance by 25 cents per share, it raised the full-year guidance by only 19.5 cents per share, the analyst stated. The fourth-quarter earnings guidance of $1.40-$1.45 per share missed consensus expectations of $1.58 and came in slightly below the previous implied guide of $1.47 per share, he further mentioned.
儘管公司第三季度盈利比每股指引高出25美分，但分析師表示，全年指引僅提高了19.5美分每股。第四季度每股盈利指引爲1.40-1.45美元，低於1.58美元的共識預期，並略低於先前暗示的1.47美元每股指引，他進一步提到。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
RCL Price Action: Shares of Royal Caribbean Cruises had declined by 0.13% to $209.83 at the time of publication on Wednesday.
RCL股價走勢：在週三的出版時，皇家加勒比郵輪的股價下跌了0.13％，至209.83美元。
Read More:
• Royal Caribbean Eyes $14 EPS In 2025 Amid Cruise Demand And Expanded Destinations
閱讀更多：
• 皇家加勒比郵輪計劃在2025年實現每股收益14美元，主要是受到郵輪需求和擴大航線目的地的影響。
Photo: Courtesy Royal Caribbean Cruises
照片：皇家加勒比郵輪授權使用
譯文內容由第三人軟體翻譯。
