Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday reported upbeat third-quarter 2026 earnings and raised its full-year profit outlook.
Royal Caribbean reported adjusted earnings of $6.57 per share, beating the analyst estimate of $6.38. Quarterly revenue rose 9% year over year to $5.591 billion, missing the consensus estimate of $5.607 billion.
"Demand for our leading vacation experiences remains strong, and while it is still early, 2027 bookings are pacing ahead of historical levels at higher rates," said Jason Liberty, chairman and CEO of Royal Caribbean Group.
Royal Caribbean raised its full-year adjusted earnings guidance to $17.85 to $17.95 per share, up from its previous outlook of $17.73 to $17.87. The revised range exceeds the analyst estimate of $17.83 per share. The company’s full-year revenue guidance of $19.549 billion remains below the consensus estimate of $19.582 billion.
For the fourth quarter, Royal Caribbean expects adjusted earnings of $3.48 to $3.58 per share, below the analyst estimate of $3.66.
Royal Caribbean shares fell 0.7% to $294.00 in pre-market trading.
These analysts made changes to their price targets on Royal Caribbean following earnings announcement.
- Susquehanna analyst Christopher Stathoulopoulos maintained the stock with a Positive and raised the price target from $355 to $360.
- Wells Fargo analyst Trey Bowers maintained the stock with an Overweight rating and raised the price target from $358 to $361.
Considering buying RCL stock? Here’s what analysts think:
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