Royal Caribbean (RCL) Stock Jumps 3.3%: Will It Continue to Soar?

Royal Caribbean (RCL) shares soared 3.3% in the last trading session to close at $238.43. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.9% loss over the past four weeks.Royal Caribbean’s stock rally is driven by strong demand for cruising, supported by both loyal repeat customers and an increasing number of first-time travelers. Exceptional booking trends and solid consumer spending, both onboard and through pre-cruise purchases, have further bolstered the company’s performance.This cruise operator is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +19.2%. Revenues are expected to be $3.77 billion, up 13.2% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Royal Caribbean, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on RCL going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Royal Caribbean belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Lucky Strike Entertainment (LUCK), closed the last trading session 1.6% higher at $10.39. Over the past month, LUCK has returned -13.5%.Lucky Strike Entertainment's consensus EPS estimate for the upcoming report has changed -27.5% over the past month to $0.07. Compared to the company's year-ago EPS, this represents a change of +800%. Lucky Strike Entertainment currently boasts a Zacks Rank of #3 (Hold).Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report Lucky Strike Entertainment (LUCK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks