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Royal Caribbean (RCL) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended March 2026, Royal Caribbean (RCL - Free Report) reported revenue of $4.45 billion, up 11.3% over the same period last year. EPS came in at $3.60, compared to $2.71 in the year-ago quarter.

The reported revenue represents a surprise of +0.14% over the Zacks Consensus Estimate of $4.45 billion. With the consensus EPS estimate being $3.20, the EPS surprise was +12.62%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • APCD (Available passenger cruise days): 13,702.70 Days versus the five-analyst average estimate of 13,718.80 Days.
  • Net Yields: $268.23 compared to the $266.59 average estimate based on four analysts.
  • Occupancy Rate: 108.5% compared to the 109.3% average estimate based on four analysts.
  • Passenger Cruise Days: 14,873.20 Days versus the four-analyst average estimate of 15,004.83 Days.
  • Net Cruise Costs Excluding Fuel per APCD: $130.32 versus the three-analyst average estimate of $132.16.
  • Net Cruise Costs per APCD: $149.63 compared to the $153.02 average estimate based on three analysts.
  • Passengers Carried: 2.51 million versus the two-analyst average estimate of 2.56 million.
  • Revenues- Onboard and other: $1.43 billion compared to the $1.4 billion average estimate based on five analysts. The reported number represents a change of +14% year over year.
  • Revenues- Passenger ticket: $3.02 billion versus $3.05 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.

View all Key Company Metrics for Royal Caribbean here>>>

Shares of Royal Caribbean have returned -9.9% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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