Royal Caribbean Cruises (NYSE:RCL) Should Overcome Fuel, FX Pressures

Royal Caribbean Cruises (NYSE:RCL) should be able to overcome the headwinds from FX and fuel in the quarter, says Barclays (NYSE:BCS), who expected the company to upwardly revise their net yield outlook.

Barclays says, "We expect Royal Caribbean's 4Q10 EPS results to at least come in line with consensus of $0.13, beating our $0.11 estimate and guidance of $0.08-0.12. We believe that slightly higher-than-expected net yields and continued fuel efficiencies more than offset headwinds created by fuel and FX in the quarter. We also believe that RCL's prior 2011 EPS outlook of 'at least $3.26' will remain intact, as the company's net yield outlook gets revised up offsetting fuel and FX pressures."

Barclays reiterates an "Overweight" rating on Royal Caribbean Cruises ( RCL), which closed Monday at $47.76, down $0.46, or 0.95 percent. Barclays has a price target on Royal Caribbean of $51.