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This Top Consumer Discretionary Stock is a #1 (Strong Buy): Why It Should Be on Your Radar

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Royal Caribbean (RCL) for Your Portfolio?

Royal Caribbean was upgraded to the Zacks Rank #1 list on November 11, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, it has 50% investment in a joint venture with TUI AG, which operates the brand, TUI Cruises.

Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.45 to $6.59 per share. RCL also boasts an average earnings surprise of 28.3%.

Earnings are expected to grow 187.9% for the current fiscal year, while revenue is projected to increase 57.7%.

RCL has been moving higher over the past four weeks as well, up 24.7% compared to the S&P 500's gain of 10.8%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report

Zacks Investment Research