) Overview

US cruise operator’s Q2 adjusted EPS beat analyst expectations
Q2 revenue rose 6% yr/yr to $4.8 bln, driven by strong demand
Company raised full-year adjusted EPS guidance after better-than-expected Q2 Outlook
Royal Caribbean raises full-year 2026 Adjusted EPS guidance to $17.73-$17.87
Company expects Q3 2026 Adjusted EPS of $6.26-$6.36
Company anticipates full-year 2026 revenue growth of 9% and Net Yields up 2.35%-2.85% Result Drivers
CLOSE-IN DEMAND - Net yield growth exceeded company guidance, driven by stronger than expected close-in demand
FAVORABLE COST TIMING - Better-than-expected cost performance was primarily driven by favorable timing of expenses
JOINT VENTURE PERFORMANCE - Favorable performance from joint ventures contributed to results Company press release: Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Passenge bln

r Ticket

Revenues

Q2 Beat $4.21 $3.98

Adjusted (21

EPS Analysts

)

Analyst Coverage

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 23 “strong buy” or “buy”, 9 “hold” and no “sell” or “strong sell”
The average consensus recommendation for the hotels, motels & cruise lines peer group is “buy”
Wall Street’s median 12-month price target for Royal Caribbean Cruises Ltd is $332.00, about 8.8% above its July 27 closing price of $305.04
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago Reuters Recommended Reads
July 28 - Hilton raises annual room revenue growth forecast on strong luxury hotel demand
July 27 - JetBlue updates fare structure as airlines see benefit of segmented pricing
July 27 - Monaco’s Costamare Q2 voyage revenue falls 4.8% on lower charter rates For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)