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Royal Caribbean stock lags as analysts look less bullish despite gains
RCL shares are down 1.6% over the past year, though the company has kept improving fundamentals after a Q2 2026 beat and raised full-year adjusted EPS guidance to $17.73 to $17.87.
Royal Caribbean Group shares have underperformed the broader market over the past year, declining 1.6% while the S&P 500 has gained 20.2%, even as the stock is up 10.4% year to date. The cruise operator has also lagged the State Street Consumer Discretionary Select Sector SPDR ETF, which is up 4% over the same 52-week period, according to Yahoo Finance.
On July 28, Royal Caribbean shares rose 5.7% after the company reported a strong Q2 2026 performance, including adjusted EPS of $4.21 versus an analyst estimate of $3.98. Revenue increased 6.5% year over year to $4.83 billion, and the company attributed results to resilient demand and robust onboard spending, which helped it beat expectations.
Royal Caribbean also raised its 2026 outlook, lifting adjusted EPS guidance to $17.73 to $17.87, implying 14% year over year growth. The company said this outlook would translate into a 23% CAGR over the first two years of its Perfecta program, targeting a 20% earnings CAGR from 2024 through 2027 and ROIC in the high teens by 2027, while analysts expect adjusted EPS of $17.79 for the fiscal year ending in December 2026.
Yahoo Finance notes Royal Caribbean’s earnings surprise record has been mixed, with the company beating consensus estimates in three of the last four quarters and missing in another quarter. Despite the recent Q2 beat and guidance increase, the article says most analysts are not bullish on Royal Caribbean stock.
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