Royal Caribbean Cruises (RCL) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $6.57
- Estimate
- $6.38
- Surprise
- +3.0%
- Revenue (period 2026-09-30)
- $5.59B
- Score at report (before → after)
- 5.5 → 5.6/10
Revenue source: xbrl.
How the report landed
Royal Caribbean Cruises (RCL) beat the $6.38 estimate with adjusted EPS of $6.57 — a clear 3.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.5/10) to Hold at 5.6/10 after the report.
Coverage in the report window
- Royal Caribbean Gr Sees Q4 Adj EPS $3.48-$3.58 vs $3.66 Est — benzinga, 2026-10-27
Where TrendMatrix's rating stands now
TrendMatrix currently rates RCL Hold at 5.6/10.
3 of the last 4 quarters beat the estimate; this quarter's +3.0% surprise compares with a +5.4% four-quarter average.
What supports the rating
- Strong earnings beat streak (3/4)
- Positive news sentiment (+0.57)
What argues against it
- Thin upside margin: 7.0%
- Sector modifier (Consumer Cyclical): -1.5
- Leverage penalty (D/E 2.2): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $295.92
- Price target
- $316.56
- Stop
- $275.21
- Upside to target
- +7.0%
- Reward-to-risk
- 0.6:1
The stock trades at 17.5× trailing but 14.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 2.1× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-28 — shown for context, not personalized investment advice.
RCL at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Travel Services
- Market cap
- $79.14B
- P/E (fwd)
- 14.5
- P/E (ttm)
- 17.5
- 52-week range
- $222.22–$356.39
- Off 52-week high
- 17.0%
- RSI (14)
- 61
- Volume vs avg
- 2.13×
- Score today
- 5.6/10