Why Royal Caribbean (NYSE: RCL) May be Well Position for a Surge

Royal Caribbean (RCL) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.

Current-Quarter Estimate Revisions
The company is expected to earn $1.10 per share for the current quarter, which represents a year-over-year change of +198.21%.

Current-Year Estimate Revisions

For the full year, the earnings estimate of $6.52 per share represents a change of +186.93% from the year-ago number.

The revisions trend for the current year also appears quite promising for Royal Caribbean, with seven estimates moving higher over the past month compared to no negative revisions.

Investors have been betting on Royal Caribbean because of its solid estimate revisions, as evident from the stock's 7% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.

Price Momentum
RCL is trading near the top of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.