Royal Caribbean Stock (NYSE:RCL)
Investors are paying close attention to Royal Caribbean Cruise Ltd. (NYSE:RCL) since the cruise line operator is scheduled to release its earnings report on November 3, and an investor day event is scheduled for November 16.
Morgan Stanley has revealed that recent cruise line channel checks are slightly lower than in September. This news comes just in time for RCL’s two most important days of the year.
“Pricing seems to have decreased (into H1 23), with some agencies alleging overcapacity,” even though there is a continued tailwind from the removal of Covid limitations and the reopening of Asia.
Analyst Jamie Rollo anticipates that Royal Caribbean stock will exhibit the most impressive performance among the cruise line group throughout this year’s earnings season. Rollo observed that luxury remains more successful than modern and that RCL’s brands seem to be succeeding while CCL’s are failing in terms of sales.
Morgan Stanley anticipates that Royal Caribbean will declare profitable net income for the forthcoming earnings report after ten consecutive quarters of losses and EBITDA of $752 million. The company anticipates that Royal Caribbean will provide a favorable view at the investor event about the future demand for cruises, the robustness of its hardware, cost control measures, and intelligent capital allocation.
During trading on Tuesday afternoon, RCL had a decline of 0.65%, bringing their gain to +40% over the previous six weeks.
Featured Image- Pixabay @ ariesa66
Author Shariq Khan 
