Royal Caribbean (RCL) Sails After Earnings

Royal Caribbean's (RCL) earnings report continues to confirm strong cruise demand following a record wave season, says Ivan Feinseth. He and Jamie Katz discuss RCL as it sails after earnings. Jamie notes that RCL is set to general record yields and EBITDA levels in 2023. They also talk about how Morningstar has a $80 fair value estimate on RCL. They note that RCL's revenue came in at $2.60B versus an estimated 2.60B, and RCL sees FY23 capex at approximately $4.1B. They then compare RCL to other cruise line stocks including Carnival (CCL) and Norwegian Cruise Line (NCLH). Finally, they go over the outlook for cruise lines in 2023. Tune in to find out more about the stock market today.

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