Why Royal Caribbean Stock Cruised to a Nearly 15% Gain This Week

Anyone wanting to hop on a cruise to wealth would have done well investing in Royal Caribbean Group (NYSE: RCL) stock these past few days. Buoyed by a convincing earnings beat in its most recently reported quarter and a clutch of analyst price target increases, the shares notched new all-time highs during the week. According to data compiled by S&P Global Market Intelligence, they rose by almost 15% in value in the Monday to Friday stretch.Investors rushed to board Royal Caribbean stock on Tuesday after it unveiled its fourth-quarter and full-year 2024 figures and -- by the way -- announced a push into a potentially major new business. The quarter saw the company book $3.76 billion in revenue, for a robust 13% improvement over the same period of 2023. More impressively, the company managed to nearly double its headline net income; this came in at $553 million. On a non-GAAP (adjusted) per-share basis, Royal Caribbean's bottom-line profit was 30% higher at $1.63. The revenue figure was essentially in line with analyst projections, but net income beat them convincingly. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool