Royal Caribbean sees 2024 EPS to ‘start with at least a $9 handle’

On the company’s earnings call, Royal Caribbean stated, according to a transcript: “Demand for 2024 has continued to accelerate with bookings consistently outpacing 2019 levels by a wide margin. This has resulted in a book position that is ahead of all prior years at higher rates further positioning us for another year of strong yield and earnings growth. While still early, we anticipate making significant progress towards our trifecta goals in 2024. And based on current fuel FX and interest rates, we anticipate earnings that will start with at least a $9 handle. Our operating platform is larger and stronger than it has ever been with the best brands, the most innovative fleet and destinations and the best people.” Consensus for FY24 EPS is $8.41. In morning trading, Royal Caribbean shares have advanced $2.34, or 3%, to $84.56.