In a note William Blair & Co. addressed why Royal Caribbean stock failed to react on Thursday to the company's better than expected profit and outlook.
With Icon of the Seas' metrics two to three times above other Royal Caribbean first-in-class launches, why not aim for higher than moderate yield growth and accelerate orders for this new series?
Strong close-in demand drove a higher than expected fourth quarter profit for Royal Caribbean Group, which forecasts a 40% earnings spike in 2024 and expects to meet two 'Trifecta' goals a year earlier than expected.
Media buzz around Icon of the Seas is likely to create a halo effect for both Royal Caribbean and the cruise industry, brokerage William Blair said in a note.
Carnival Corp. & plc is mitigating inflation through cost optimization initiatives that leverage its scale, with CEO Josh Weinstein citing global implementation of Starlink and a centralized system to manage equipment and machinery as examples.