What is Royal Caribbean Cruises's expected EPS for Q2 2026?

Analysts expect Royal Caribbean Cruises (RCL) to report consensus EPS of approximately $3.98 for Q2 2026. Estimates range from $3.87 to $4.12.

What revenue do analysts expect for Royal Caribbean Cruises in Q2 2026?

The consensus revenue forecast for Royal Caribbean Cruises (RCL) in Q2 2026 is approximately $4.83B. Forecasts range from $4.78B to $4.97B.

How many analysts cover Royal Caribbean Cruises?

14 analysts contribute to the Royal Caribbean Cruises (RCL) Q2 2026 consensus estimate.

Has Royal Caribbean Cruises beaten earnings estimates recently?

Royal Caribbean Cruises beat analyst EPS estimates in 2 of the last 2 quarters. Royal Caribbean Cruises beat revenue estimates in 0 of 2. In the most recent quarter (Q1 2026), Royal Caribbean Cruises EPS beat by 11.2% and revenue missed by 0.3%.

When does Royal Caribbean Cruises report Q2 2026 earnings?

Royal Caribbean Cruises (RCL) is expected to report Q2 2026 earnings on July 28, 2026 before market open.

RCL Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$3.98

Consensus revenue · Q2 2026

$4.8B

Analysts

Expected report

Jul 28, 2026

Before open

Upcoming earnings

Locks in 4 days 13 hours · BMO: Locks 8:00 PM ET previous day

Revenue$4.8B$4.8B – $5B

EPS$3.98$3.87 – $4.12

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 14 analysts.

Metric	Low	Consensus	High
Revenue	$4.8B	$4.8B	$5B
EPS	$3.87	$3.98	$4.12
EBITDA	$145.6M	$146.6M	$148.4M
EBIT	-$291.2M	-$287.7M	-$285.9M
Net income	$1.1B	$1.1B	$1.1B

Revenue$4.8B
EPS$3.98
EBITDA$146.6M
EBIT-$287.7M
Net income$1.1B

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	$4.5B	$4.5B	-0.3%	$3.60	$3.24	+11.2%
Q4 2025	$4.3B	$4.3B	-0.1%	$2.80	$2.80	+0.1%

Q1 2026-0.3%+11.2%
Q4 2025-0.1%+0.1%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Royal Caribbean Cruises (RCL) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 1 analyst.

Low: $280.00
Consensus: $346.86
Median: $350.50
High: $425.00
Current: $285.85
Upside: +21.3%

Upside calculated vs most recent trading price of $285.85.

Analyst ratings

Consensus: Buy — based on 52 analyst ratings.

Buy 25Hold 21Sell 6

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jun 22, 2026	Wells Fargo	maintain	Overweight	Overweight
Jun 16, 2026	Citigroup	maintain	Buy	Buy
May 26, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
May 22, 2026	Truist Securities	maintain	Hold	Hold
May 15, 2026	TD Cowen	maintain	Buy	Buy
May 14, 2026	UBS	maintain	Buy	Buy
May 1, 2026	Wells Fargo	maintain	Overweight	Overweight
May 1, 2026	Citigroup	maintain	Buy	Buy
May 1, 2026	Barclays	maintain	Overweight	Overweight
Apr 15, 2026	Wells Fargo	maintain	Overweight	Overweight

Jun 22, 2026Wells FargoOverweight
Jun 16, 2026CitigroupBuy
May 26, 2026Morgan StanleyEqual Weight
May 22, 2026Truist SecuritiesHold
May 15, 2026TD CowenBuy
May 14, 2026UBSBuy
May 1, 2026Wells FargoOverweight
May 1, 2026CitigroupBuy
May 1, 2026BarclaysOverweight
Apr 15, 2026Wells FargoOverweight

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