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The cruise industry has rebounded nicely post-pandemic, but Royal Caribbean Cruises (RCL +3.38%) stock is up just over 1% in 2026. With the second-quarter release imminent, should you buy the stock now?

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The first-quarter results were great for Royal Caribbean. The cruise liner posted north of $4.5 billion in revenue, and its adjusted earnings per share soundly beat Wall Street's expectations. The second quarter should be much of the same, as bookings and margins remain high. The cost of fuel and shrinking consumer discretionary spending are the biggest threats to another great quarter and year for Royal Caribbean.

The company also has a substantial level of debt, with nearly $20 billion in long-term liabilities. But as long as consumer spending and demand keep this current pace, Royal Caribbean will remain an industry leader.

Now could be a good time for investors on the sidelines to buy in, as Royal Caribbean is currently more than 20% below its 52-week high. The stock also pays a solid quarterly dividend of $1.50 per share, a yield just over 2%. The company's forward P/E is a reasonable 16.5, and its PEG sits around 1.3. These indicate the stock is fairly priced.

Image source: Getty Images.

The cruise industry is also cyclical, but Royal Caribbean seems to be doing everything it can to keep customers happy and coming back. The brand is expanding aggressively across the globe as well, with plans to add double-digit ships to its fleet, alongside new destinations. The brand's strength and current valuation make it a compelling stock to consider ahead of earnings on July 28.

Barring any major events, such as a pandemic or a severe economic downturn, Royal Caribbean is sailing on much smoother financial waters, and I'm cautiously bullish on the cruise liner's trajectory for the next several years.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

MIAMI--(BUSINESS WIRE)--Starboard today announced the debut of an expansive collection of immersive retail experiences onboard Royal Caribbean's Legend of the Seas.

New, more centrally located facility will expand programs, gathering spaces and recreation opportunities for Mahahual families, children and residents

, /PRNewswire/ -- Royal Caribbean today confirmed plans to advance the development of the new Mahahual K'iin Community Center, marking an important next step in creating a larger, more accessible home for programs and activities that enrich the lives of families, children and residents across Mahahual.

Aerial rendering of the future Mahahual K’iin Community Center, a new gathering space designed to serve residents of Mahahual, Mexico.

Rendering of the basketball court at the future Mahahual K’iin Community Center.

Rendering of the soccer field at the future Mahahual K’iin Community Center.

Rendering of the central courtyard at the future Mahahual K’iin Community Center, envisioned as a welcoming space for community connection and events.

The new center builds on a community space that has served Mahahual since 2014, with expanded capacity for education, recreation, cultural programming and local gatherings in a location designed to be easier for more residents to access. Its new name, Mahahual K'iin — meaning "the sun of Mahahual" — was proposed and selected through a community vote and reflects its role as a welcoming place rooted in local pride and connection.

"Mahahual is an important community for Royal Caribbean, and the Mahahual K'iin Community Center reflects the long-term partnership we want to continue building here," said Jason Liberty, Chairman and CEO, Royal Caribbean Group. "This next phase is about turning commitment into action by creating a welcoming place where children can learn, families can gather and neighbors can connect."

Located along the Carretera Cafetal-Mahahual at the heart of town, the future center is envisioned with modern, flexible spaces for workshops, education and community-led events, plus outdoor recreation areas anchored by a new soccer pitch for youth programs, friendly matches and community gatherings, alongside versatile basketball and volleyball courts. As part of its long-term commitment to the community, the company plans to begin construction once the necessary permits and approvals for the Community Center have been obtained.

"The Mahahual K'iin Community Center is the result of the strength, participation and dreams of our community," said Senaida Gómez, director of the Mahahual K'iin Community Center. "This new phase will allow us to expand our impact, strengthen our programs and create safe spaces for children, young people and families. We will continue working to ensure this center is a place of gathering, growth and well-being for everyone."

Since opening its doors, the center has hosted workshops, engaged volunteers and supported children and families through programs that promote learning, creativity, wellness and community connection. The new center will expand that impact with more space, improved access and additional opportunities for residents to learn, connect and grow.

The project is part of Royal Caribbean's ongoing commitment as owner and operator of the Port of Costa Maya to support practical initiatives that strengthen daily life in Mahahual. The company will continue working with residents, community leaders and local authorities on investments that support community well-being, environmental care and local opportunity.

To learn more about Royal Caribbean's work in Mahahual, visit www.RoyalCaribbeanMahahual.com or to learn more about the Community Center's activities, visit: Mahahual K'iin Community Center's Facebook page.

SOURCE Royal Caribbean Group

, /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today announced the appointment of Tara Bunch, former Senior Vice President and Global Head of Operations at Airbnb, to its Board of Directors.

Bunch brings more than three decades of experience scaling global technology organizations, leading complex operations, strengthening customer experience, and advancing digital transformation across highly recognized consumer brands.

"Tara is a seasoned global executive with deep global experience in scaling technology-enabled service models, and delivering exceptional customer experiences," said Jason Liberty, Chairman and CEO, Royal Caribbean Group. "Her perspective will be highly valuable as we continue to grow our vacation ecosystem and deliver the best vacations responsibly for guests around the world."

Bunch most recently served as Senior Vice President and Global Head of Operations at Airbnb, where she oversaw Customer Service, Trust and Safety, Privacy, Payments, Insurance and Quality for hosts and guests in more than 220 countries and regions.

Prior to Airbnb, Bunch held senior leadership roles at Apple and Hewlett-Packard Company, where she led multiple areas, including global customer service, technical support, repair operations, product development, and technology-enabled services at scale. Earlier, during more than 25 years at Hewlett-Packard, she helped drive large-scale improvements in customer support delivery, customer satisfaction, and business performance.

Bunch also brings broad governance and risk oversight experience. She serves on the board of The Vanguard Group, Inc., one of the world's largest investment management companies, where she is a member of the Audit Committee.

Bunch holds an MBA from Santa Clara University and a Bachelor of Science in Mechanical Engineering from the University of California, Berkeley.

About Royal Caribbean Group
Royal Caribbean Group is a leading global vacation company spanning cruise, one-of-a-kind destinations, and land-based vacation experiences. The company operates 71 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands - Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises, which operates the Mein Schiff and Hapag-Lloyd brands.  

The Group is expanding its portfolio of private destinations through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations.   

Named to the Fortune World's Most Admired Companies 2026 list and to Forbes' 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit royalcaribbeangroup.com. 

SOURCE Royal Caribbean Group

The cruise industry has largely completed its post-pandemic recovery. Occupancy rates have returned to historical levels, pricing remains healthy, and consumers continue spending on travel despite broader economic uncertainty.

With Carnival (CCL 1.68%), Royal Caribbean (RCL 2.38%), and Norwegian Cruise Line (NCLH 0.77%) all reporting earnings over the next two weeks, we'll soon get another update on booking trends and profitability. But if I had to choose just one stock today, it would be Royal Caribbean. Here's why.

Image source: Getty Images.

Consistency and profitability Among the three largest cruise operators, Royal Caribbean has consistently produced the strongest financial results. During the first quarter of 2026, Royal Caribbean generated approximately $4.54 billion in revenue, while adjusted earnings per share increased to $3.60.

The company continues to outperform on profitability, as well. Higher ticket prices, increased onboard spending, and disciplined cost management helped Royal Caribbean generate some of the strongest margins in the leisure travel industry. Management noted that onboard purchases and pre-cruise spending remained above prior-year levels, while customer demand continued to be supported by travelers prioritizing experiences over other discretionary spending.

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But perhaps most encouraging is what the company sees in future demand. Royal Caribbean says booking volumes accelerated since its last earnings report, and travelers continue reserving cruises at higher prices.

Carnival still has work to do Carnival's latest earnings report showed that the company's turnaround continues to gain momentum. During the second quarter, Carnival reported record operating income and record adjusted net income, while customer deposits climbed to an all-time high of $9 billion. Management also said booking volumes remain strong, with reservations for 2027 and beyond ahead of last year's pace despite a more uncertain economic backdrop.

The company also made meaningful progress in strengthening its balance sheet. Since the beginning of 2024, management repaid more than $7 billion of debt, reducing interest expenses and improving financial flexibility. Still, Carnival ended the quarter with approximately $23.4 billion of long-term debt, considerably more than Royal Caribbean.

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Of course, that doesn't make Carnival a bad investment. It simply means shareholders are relying on management to continue paying down debt while maintaining strong pricing and occupancy in an increasingly competitive travel market.

Norwegian carries less debt, but more risk Norwegian Cruise Line is in a similar position. The company focused heavily on premium itineraries and expanding onboard spending opportunities while modernizing its fleet. Occupancy has largely recovered, too.

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Like Carnival, however, Norwegian still operates with a leveraged balance sheet, carrying approximately $15.2 billion of total debt. While that's less than Royal Caribbean's, Norwegian generates substantially less revenue, earnings before interest, taxes, depreciation, and amortization (EBITDA), and operating cash flow, leaving it with less room for error if travel demand softens.

Demand remains remarkably strong The encouraging news for all three companies is the industry backdrop continues to improve. According to the Cruise Lines International Association, global cruise passenger volume is expected to exceed 38 million travelers in 2026, establishing another industry record. Cruise vacations continue attracting both first-time and repeat passengers, while demand remained strong enough to support higher ticket prices across much of the industry.

Cruise operators are also generating more revenue beyond ticket sales. For example, Royal Caribbean noted onboard spending and pre-cruise purchases continue to run ahead of prior years, while Carnival also cited stronger onboard spending as a contributor to higher yields.

Why Royal Caribbean remains my favorite All three companies should benefit if cruise demand remains healthy. But Royal Caribbean enters earnings season with the strongest combination of premium brands, record bookings, industry-leading profitability, and a healthier balance sheet than its largest competitors. And that's why I maintain that Royal Caribbean is the best buy of the three.

Royal Caribbean (RCL - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this cruise operator have returned -9.5%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Leisure and Recreation Services industry, which Royal Caribbean falls in, has lost 2%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Royal Caribbean is expected to post earnings of $3.92 per share for the current quarter, representing a year-over-year change of -10.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.2%.

The consensus earnings estimate of $17.3 for the current fiscal year indicates a year-over-year change of +10.6%. This estimate has changed +0.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $19.86 indicates a change of +14.8% from what Royal Caribbean is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Royal Caribbean.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Royal Caribbean, the consensus sales estimate of $4.8 billion for the current quarter points to a year-over-year change of +5.8%. The $19.61 billion and $21.06 billion estimates for the current and next fiscal years indicate changes of +9.4% and +7.4%, respectively.

Last Reported Results and Surprise HistoryRoyal Caribbean reported revenues of $4.45 billion in the last reported quarter, representing a year-over-year change of +11.3%. EPS of $3.6 for the same period compares with $2.71 a year ago.

Compared to the Zacks Consensus Estimate of $4.45 billion, the reported revenues represent a surprise of +0.14%. The EPS surprise was +12.5%.

Over the last four quarters, Royal Caribbean surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Royal Caribbean is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Royal Caribbean. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Patent filing follows recent RCL metallurgical testwork and further strengthens Temas' growing critical minerals technology platform

Highlights

Temas has initiated the filing of a new process patent covering the extraction of chromium from complex ore bodies using its proprietary Regenerative Chloride Leach ("RCL") mixed chloride leaching technology.

Patent application, entitled "Chloride-based process for Chromium extraction," establishes a priority filing date of July 10, 2026, further expanding Temas' growing RCL intellectual property portfolio.

Chromium is a critical material essential to the stainless steel, aerospace, defence, energy infrastructure and advanced manufacturing, with a global market valued at approximately US$23.9 billion in 2024.

Filing follows the recent completion of the Company's previously announced RCL vanadium metallurgical patent filing demonstrating the ability of the RCL Platform Technology to be adapted across multiple critical minerals, as well as its strong applicability to Temas' 100% owned La Blache Project, which hosts high grade of vanadium over broad intervals.

The chromium extraction process has the potential application to Temas' wholly owned La Blache and Lac Brule titanium-vanadium-iron projects, as well as third-party chromium bearing deposits, concentrates and mine waste.

Expands the commercial opportunity for the RCL Platform through future technology licensing, strategic processing partnerships and deployment across global mining operations.

Builds on Temas' portfolio of eleven granted metallurgical process patents and reinforces the Company's strategy of becoming a leading provider of environmentally responsible critical minerals processing technology.

The Company continues to advance confidential discussions and third-party metallurgical testing with potential commercial partners regarding deployment of the RCL platform across multiple critical minerals.

Why this matters to Investors - Every New RCL Application Expands the Company's Commercial Opportunity

Expands the value of the RCL technology platform. Each new patent broadens the commercial reach of Temas' proprietary RCL process beyond titanium and vanadium into another strategically important critical mineral, increasing the potential for future licensing, processing partnerships and additional revenue opportunities.

Adds to Temas's growing portfolio of high-value intellectual property.

With eleven granted patents and new patent applications for both vanadium and chromium, Temas continues to strengthen the competitive moat around its metallurgical technology, creating long-term strategic value that extends well beyond its mineral assets.

Positions Temas to benefit from increasing demand for secure Western critical mineral supply chains.

Chromium is essential to stainless steel, aerospace, defence, energy infrastructure and advanced manufacturing. By developing environmentally responsible extraction technology applicable to both its own projects and third-party deposits, Temas is building a scalable technology business aligned with growing global demand for critical minerals.

VANCOUVER, BC / ACCESS Newswire / July 13, 2026 / Temas Resources Corp. ("Temas" or the "Company") (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FSE:26P0) is pleased to announce that, following the recent completion of the Company's Regenerative Chloride Leach ("RCL") metallurgical testwork announced earlier this year, the Company has initiated the filing of a new process patent covering the extraction of chromium from complex ore bodies using mixed chloride leaching technology.

The patent application, entitled "Chloride-based process for Chromium extraction" establishes a priority filing date of July 10, 2026, providing intellectual property protection for a novel process developed through the Company's ongoing metallurgical research and development activities.

Chromium is classified as a critical mineral in numerous Western countries due to its importance in defence, aerospace, energy infrastructure and advanced manufacturing. Approximately 85-90% of chromium production is consumed in the manufacturing of stainless steel, while high-purity chromium metal is increasingly required for aerospace superalloys, military armour systems, turbine components, hydrogen technologies and emerging battery applications. According to Grand View Research, the global chromium market was valued at US$23.9 billion in 2024 and is forecast to reach approximately US$34.5 billion by 2030 (Source: Grand View Research, Chromium Market Size, Share & Trends Report, 2025), reflecting continued demand growth by infrastructure investment, electrification, and defence manufacturing.

Tim Fernback, President & Chief Executive Officer, commented:

"The filing of this patent is another important step in transforming Temas from a critical minerals developer into a global clean metallurgical technology company. Every new patent strengthens our competitive position and builds long-term value in our technology licensing business. This growing global market for chromium metal further highlights the commercial significance of developing proprietary environmentally responsible chromium extraction technologies such as the Temas' RCL platform. As demand accelerates for secure supplies of critical minerals such as chromium, we believe proprietary processing technologies like RCL will become increasingly valuable to miners seeking lower-cost, environmentally responsible extraction."

The new patent application builds upon the encouraging results generated from Temas' proprietary RCL metallurgical testing on its 100%-owned La Blache Titanium-Vanadium-Iron Project in Québec, Canada. The work further demonstrates the adaptability of the RCL technology platform across multiple critical minerals while expanding the Company's growing portfolio of proprietary processing technologies.

The Company believes that securing intellectual property protection remains a critical component of its strategy to commercialize the RCL technology through future licensing agreements, strategic partnerships and deployment across global mineral projects. The Temas RCL technology platform is comprised of successfully granted US and Canadian metallurgical process patents for the extraction of Gold, Iron, Titanium, Nickel and Rare Earth Elements using its proprietary mixed-chloride leaching technology.

In addition to this new patent applications for the extraction of Chromium and the recently announced patent filing for Vanadium extraction, which is directly applicable to the Company's La Blache Project in Québec, Canada. The RCL platform is supported by eleven granted patents across multiple critical minerals and jurisdictions:

Gold - granted (United States)

Gold - granted (Canada)

Iron - granted (United States)

Iron - granted (Canada)

Iron - granted (India)

Titanium - granted (United States)

Titanium - granted (Canada)

Nickel - granted (United States)

Nickel - granted (Canada)

Rare Earth Elements - granted (India)

Rare Earth Elements - granted (Canada)

Vanadium - application filed, priority date 8 July 2026 (new)

Chromium - application filed, priority date 10 July 2026 (new)

Expanding the RCL Intellectual Property Platform

The RCL technology platform continues to evolve beyond its original titanium applications into a broad hydrometallurgical process capable of recovering multiple critical minerals from complex ores, concentrates and mine waste.

The Company's intellectual property strategy is focused on protecting novel metallurgical processes that can be commercialized through:

Technology licensing;

Joint venture opportunities;

Strategic processing partnerships;

Proprietary processing of Temas' wholly-owned mineral assets.

The filing of "Chloride-based process for Chromium extraction" represents another significant addition to Temas' expanding portfolio of proprietary RCL technologies.

- ENDS -

Approved for Release by the Board of Directors

For further information, contact:

Follow us:

https://temasresources.com
https://x.com/TMASResources
https://www.linkedin.com/company/temas-resources-corp/

Disclaimer

No representations or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for the statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors, and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this announcement and excludes all liability whatsoever (including in negligence) for an loss or damage which may be suffered by any person as a consequence of any information in this announcement or any effort or omission therefrom. The Company will not update of keep current the information contained in this announcement or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the announcement are subject to change without notice.

ABOUT TEMAS RESOURCES

Revolutionizing Metal Production
Proprietary IP. Global Licensing. Titanium & Critical Minerals.

Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company's patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions - validated at up to 65% lower than traditional processing - while dramatically reducing energy use and environmental impact.

Temas' RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements.

Complementing its technology division, Temas also owns 100% of two advanced titanium-vanadium-iron projects in Québec, Canada - La Blache and Lac Brûlé - which are strategically positioned to feed directly into the Company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals.

Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.

Benefits the ORF - RCL Technology:

The RCL platform technology involves the hydrometallurgical mineral extraction of concentrates, whole ores, slags and tailings to enhance recovery of critical metals, battery metals, Platinum Group Minerals ("PGMs"), precious and base metals and Rare Earth Element ("REE") recovery at materially higher through-yields and lower capital and operating costs than many of the conventional approaches that are in use traditionally. This novel RCL technology is ideally suited to treat increasingly complex ores in an environmentally sensitive manner.

Pilot Testing Complete: The Company has completed a pilot test of approximately 1 ton of material from its La Blache TiO2 mineral property yielding 88 kgs of a 99.8% pure TiO2 commercial grade product.1

Validated Cost Reduction: A significant cost reduction of over 65%2 ,3 is validated for TiO2 processing using the RCL platform technology (e.g., reagent recycling, potentially lower energy use, optimized recovery etc.). These fundamental process efficiencies are expected to translate into economic advantages when applying the platform to Nickel or other target minerals hosted in complex ores.

Environmental Performance: The closed-loop design and high reagent recycling rates are core to the RCL platform, irrespective of the target mineral. Over 69% lower operating costs compared to conventional processing due to its core features operating at near ambient temperatures.[3] This means the reduced environmental footprint and enhanced ESG profile are benefits that extend to ores and minerals previously noted, not just TiO2.

High Recovery Potential: Just as we've demonstrated high-quality, 99.8% TiO2 product from pilot testing1 the RCL platform is engineered for high recovery and purity of all target metals. Our metallurgical expertise focuses on optimizing these recoveries and maximizing margins for each specific mineral.

RCL results in a quicker and more complete liberation of the target metals using atmospheric pressure and lower temperatures than competing methods and improves the selectivity and efficiency of subsequent solvent extraction steps. Management believes that this novel metallurgical process can be applied to many complex resource deposits worldwide, enhancing both extraction and recovery for the operator.

Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

1 Source: Temas Resources Corp. "Pilot Scale Evaluation of Temas La Blache Ilmenite - Final Report PRO 21-16," 24 June 2022.

2 These metallurgical test results and cost-reduction data were first reported in the Company's Canadian market announcement dated 13 April 2021, titled "Temas Resources Acquires 50 % of Green Mineral Process Developer ORF Technologies Inc."

3 The cost-reduction figure is supported by independent evaluation conducted by the Natural Resources Research Institute (University of Minnesota, 2017) and subsequent pilot-scale validation by ORF Technologies Inc., as detailed in Temas Resources news releases of 2021 and 2022.

SOURCE: Temas Resources Corp.

Setting sail in March 2027, guests will find enhanced outdoor escapes, new world-class dining, and unforgettable entertainment for a new Reflection, full of smiles.

, /PRNewswire/ -- Celebrity Cruises is reimagining one of its most beloved ships – and delivering new ways to experience the Caribbean – with the reveal of the newly modernized Celebrity Reflection. As the second Solstice Series ship to be made new again, the transformation introduces 13 new spaces including Edge Series standouts like the stunning Grand Plaza, guest-favorite venues from the revitalized Celebrity Solstice and two brand-new concepts – Orange Peel Bar & Grille and Tacos del Sol. From bow to stern, every detail reshapes how guests relax, dine, and connect across new outdoor spaces, dining experiences, and endless entertainment.

Celebrity Cruises Unveils 13 New Experiences on Celebrity Reflection, Redefining Caribbean Cruising: Celebrity Pool Club Render Sailing year-round in the Caribbean, Celebrity Reflection's itineraries from Fort Lauderdale span three- and four-night Caribbean escapes to Key West and The Bahamas, to six- and eight-night journeys visiting Aruba, Curaçao, Bonaire, Turks & Caicos, and Grand Cayman. Guests can look forward to the 2027 President's Cruise on the renewed Celebrity Reflection from May 10–14, 2027.

"Celebrity Cruises is constantly dreaming up ways to innovate and elevate what we deliver for our guests, which is what makes this fleet modernization program so much more than a refresh," said Laura Hodges Bethge, president of Celebrity Cruises. "With Celebrity Reflection, we're evolving the guest experience in meaningful ways – introducing 13 new spaces designed to help guests relax, explore, and connect in ways that feel effortless and unforgettable."

The happiest pool day yet at the reimagined Celebrity Pool Club  

The Celebrity Pool Club anchors the ship's redesigned outdoor deck, blending modern design with a relaxed tropical atmosphere. Here, every detail is designed with relaxation in mind. Two dedicated bars, expanded seating, plush daybeds, and added shade, plus daily activities and poolside events make it easy for guests to spend the entire day at the water's edge. Guests will also find two new-to-fleet poolside dining experiences:

Orange Peel Bar & Grille: Orange Peel Bar & Grille anchors the poolside experience with a menu built for sun-soaked days. The venue features smashburgers and other grilled favorites alongside frozen cocktails. Guests can enjoy service whether seated nearby or relaxing poolside. Tacos del Sol: Tacos del Sol introduces a casual, open-air concept centered around bold, Mexican-inspired flavors. The venue features a build-your-own taco stand with a range of options and fresh toppings for poolside dining. Four new spaces offer entertainment for every mood

The Grand Plaza is Celebrity Reflection's most dramatic new space. The three-story, Edge Series-style venue anchors the ship's entertainment. A new, centrally located Martini Bar will feature a giant suspended chandelier that commands the room, complete with a chandelier show, as well as live performances and music from day to night.

Originally debuting on Celebrity Solstice, the 125-seat Boulevard Lounge brings all-day entertainment to Celebrity Reflection, anchored by dueling pianos and interactive programming. Guests can enjoy games, karaoke, and live performances throughout the day. Steps away from Boulevard Lounge, Boulevard Bar offers a selection of handcrafted cocktails, perfect for enjoying before or after a show.

Another favorite from Celebrity Solstice, The Parlor is an elevated sports and gaming lounge. Featuring hundreds of classic board games, billiards, and darts, The Parlor is perfect for some friendly competition or watching sports on the big screens. Guests can enjoy craft cocktails, Celebrity Cruises' award-winning whiskies, a menu of shareable bites, elevated takes on comfort-food classics, and a selection of over-the-top milkshakes. 

Guests can soak up the Caribbean sun with a day in the park

The reimagined Sunset Park transforms the ship's top deck into a park-like outdoor space designed for relaxation and connection. The open-air venue features a range of activities – from meditation to lawn games, outdoor movies, and live music – all set against sweeping ocean views. New private cabanas offer shaded areas to unwind, with dedicated attendants catering to guests' every need. Sunset Park Café serves casual bistro-style dining for breakfast and lunch, while the adjacent Sunset Bar offers handcrafted cocktails throughout the day.

Bold flavors meet refined favorites at three new dining experiences

The intimate Italian restaurant Trattoria Rossa, which debuted this year on Celebrity Solstice, serves Roman cuisine. Guests can savor classic meat dishes and pastas made in-house daily, as well as dishes prepared tableside, paired with Italian-inspired cocktails and Celebrity Cruises' award-winning wine selections.

The Forbes Travel Guide-rated Fine Cut Steakhouse redefined dining on the Edge Series and now joins Celebrity Reflection. Guests will experience 30-day dry-aged steaks, fresh seafood, and the elevated service synonymous with Celebrity Cruises.

Set against panoramic ocean views, Bora brings a Mediterranean-inspired rooftop concept to Celebrity Reflection. First introduced in November 2025 on Celebrity Xcel, the venue shifts from day to night. A lively brunch features customizable cocktails, while evenings are centered on chef-led tableside dishes and shareable plates.

Ship-wide enhancements for a new Reflection that's all smiles

Guests of The Retreat, Celebrity Reflection's exclusive suite class, will enjoy an enhanced The Retreat Sundeck with an oversized hot tub, and a redesigned The Retreat Lounge. Ship-wide enhancements extend to returning venues including Café Al Bacio, Cellar Masters, Casino, Art Gallery, World Class Bar, Martini Bar, Pool Bar, Passport Bar, the Fitness Center, and Camp at Sea – alongside Luminae, exclusive to guests of The Retreat, and Blu – exclusive to AquaClass guests.

For more information and to book a sailing with Celebrity Cruises, please visit www.celebritycruises.com, call Celebrity Cruises at 1-888-751-7804, or contact a trusted travel advisor.

Editor's Note:
Media can stay current on all Celebrity Cruises news at www.celebritycruisespresscenter.com 

About Celebrity Cruises
Celebrity Cruises, part of Royal Caribbean Group (NYSE: RCL), delivers an elevated premium vacation experience across their fleet of ocean and river ships traveling to over 300 destinations across more than 70 countries spanning all seven continents. Uniquely offering the intimate feel and thoughtful service of small ships, with the variety and excitement of bigger ones – guests can explore the world or get away from it for a little while. With every detail elevated beyond expectations, guests will never want to vacation any other way. An industry pioneer for more than 35 years, each Celebrity vacation offers experiences you won't find anywhere else.

Visit www.celebritycruises.com for more information, and connect with us on Instagram, Facebook or LinkedIn.

SOURCE Celebrity Cruises

Royal Caribbean and Viking Holdings were given an Outperform rating by BMO Capital Markets analyst Tristan Thomas-Martin.

Patent filing follows recent RCL vanadium metallurgical testwork and further strengthens Temas' growing critical minerals technology platform

Highlights

Temas has initiated the filing of a new process patent covering the extraction of vanadium from complex ore bodies using its proprietary Regenerative Chloride Leach ("RCL") mixed chloride leaching technology.

Patent filing establishes a priority filing date of July 8, 2026, protecting the Company's latest metallurgical innovation.

Patent entitled "Chloride-based process for Vanadium extraction"

Filing follows the recent completion of the Company's previously announced RCL vanadium metallurgical testwork on material from its wholly-owned La Blache Titanium-Vanadium-Iron Project.

Represents another expansion of Temas' growing intellectual property portfolio supporting future technology licensing opportunities.

Follows Temas' 29 June 2026 results confirming extensive high-grade titanium-vanadium mineralisation at La Blache, including vanadium grades of up to 0.48% V₂O₅ over broad intervals, underpinning the vanadium endowment to which the newly patented RCL process can be applied.

Strengthens Temas' ability to create value from vanadium; both from its own La Blache and Lac Brûlé assets and from third-party vanadium ore bodies, concentrates and mine waste through RCL technology licensing and processing partnerships.

The Company continues to progress confidential discussions and third-party lab testing with potential processing and licensing partners regarding deployment of the RCL platform across critical minerals.

Reinforces Temas' strategy of developing proprietary metallurgical solutions across multiple critical minerals beyond titanium.

VANCOUVER, BC / ACCESS Newswire / July 8, 2026 / Temas Resources Corp. ("Temas" or the "Company") (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FSE:26P0) is pleased to announce that, following the recent completion of the Company's Regenerative Chloride Leach ("RCL") vanadium metallurgical testwork announced earlier this year, the Company has initiated the filing of a new process patent covering the extraction of vanadium from complex ore bodies using mixed chloride leaching technology.

The patent application, entitled "Chloride-based process for Vanadium extraction" establishes a priority filing date of July 8, 2026, providing intellectual property protection for a novel process developed through the Company's ongoing metallurgical research and development activities.

The new patent application builds upon the encouraging results generated from Temas' proprietary RCL metallurgical testing on vanadium-bearing material from its 100%-owned La Blache Titanium-Vanadium-Iron Project in Québec, Canada. The work further demonstrates the adaptability of the RCL technology platform across multiple critical minerals while expanding the Company's growing portfolio of proprietary processing technologies.

As announced on 29 June 2026, Temas reported the first results from its systematic re-assay program at the Hervieux West deposit within La Blache, confirming extensive high-grade titanium-vanadium mineralisation together with gallium, scandium and chromium credits. Selected intervals returned vanadium grades of up to 0.48% V₂O₅ over substantial widths, including 143.0 m at 0.48% V₂O₅ (88.7% Fe₂O₃ + TiO₂) in hole HWR-10-052. The vanadium extraction process now being patented is directly applicable to this style of Fe-Ti-V oxide mineralisation, reinforcing the potential for Temas to create value from both its own vanadium-bearing assets and comparable third-party ore bodies through the RCL platform.

The Company believes that securing intellectual property protection remains a critical component of its strategy to commercialize the RCL technology through future licensing agreements, strategic partnerships and deployment across global mineral projects. The Temas RCL technology platform is comprised of successfully granted US and Canadian metallurgical process patents for the extraction of Gold, Iron, Titanium, Nickel and Rare Earth Elements using its proprietary mixed-chloride leaching technology.

In addition to this new patent application for the extraction of Vanadium, the RCL platform is supported by eleven granted patents across multiple critical minerals and jurisdictions:

Gold - granted (United States)

Gold - granted (Canada)

Iron - granted (United States)

Iron - granted (Canada)

Iron - granted (India)

Titanium - granted (United States)

Titanium - granted (Canada)

Nickel - granted (United States)

Nickel - granted (Canada)

Rare Earth Elements - granted (India)

Rare Earth Elements - granted (Canada)

Vanadium - application filed, priority date 7 July 2026 (new)

Kyler Hardy, Executive Chairman, commented:

"One of our strategic objectives has always been to continually expand the RCL technology platform through the development of new process innovations. The successful application of RCL to vanadium extraction has resulted in a process that we believe is both novel and commercially valuable. Filing this patent represents another important milestone in strengthening Temas' intellectual property portfolio and reinforces the versatility of the RCL platform across multiple critical mineral applications."

Tim Fernback, President & Chief Executive Officer, commented:

"The filing of this patent is another important step in transforming Temas from a critical minerals developer into a global clean metallurgical technology company. Every new patent strengthens our competitive position and builds long-term value in our technology licensing business. As demand accelerates for secure supplies of critical minerals such as vanadium, we believe proprietary processing technologies like RCL will become increasingly valuable to miners seeking lower-cost, environmentally responsible extraction. We continue to evaluate further RCL applications across critical minerals, including gallium, scandium, chromium and rare earth elements and intend to keep expanding our intellectual property portfolio as future metallurgical programs are completed."

Expanding the RCL Intellectual Property Platform

The RCL technology platform continues to evolve beyond its original titanium applications into a broad hydrometallurgical process capable of recovering multiple critical minerals from complex ores, concentrates and mine waste.

The Company's intellectual property strategy is focused on protecting novel metallurgical processes that can be commercialized through:

Technology licensing;

Joint venture opportunities;

Strategic processing partnerships;

Proprietary processing of Temas' wholly-owned mineral assets.

The filing of "Chloride-based process for Vanadium extraction" represents another significant addition to Temas' expanding portfolio of proprietary RCL technologies.

- ENDS -

Approved for Release by the Board of Directors

For further information, contact:

Follow us:

https://temasresources.com
https://x.com/TMASResources
https://www.linkedin.com/company/temas-resources-corp/

Disclaimer

No representations or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for the statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors, and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this announcement and excludes all liability whatsoever (including in negligence) for an loss or damage which may be suffered by any person as a consequence of any information in this announcement or any effort or omission therefrom. The Company will not update of keep current the information contained in this announcement or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the announcement are subject to change without notice.

ABOUT TEMAS RESOURCES

Revolutionizing Metal Production
Proprietary IP. Global Licensing. Titanium & Critical Minerals.

Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company's patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions - validated at up to 65% lower than traditional processing - while dramatically reducing energy use and environmental impact.

Temas' RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements.

Complementing its technology division, Temas also owns 100% of two advanced titanium-vanadium-iron projects in Québec, Canada - La Blache and Lac Brûlé - which are strategically positioned to feed directly into the Company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals.

Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.

Benefits the ORF - RCL Technology:

The RCL platform technology involves the hydrometallurgical mineral extraction of concentrates, whole ores, slags and tailings to enhance recovery of critical metals, battery metals, Platinum Group Minerals ("PGMs"), precious and base metals and Rare Earth Element ("REE") recovery at materially higher through-yields and lower capital and operating costs than many of the conventional approaches that are in use traditionally. This novel RCL technology is ideally suited to treat increasingly complex ores in an environmentally sensitive manner.

Pilot Testing Complete: The Company has completed a pilot test of approximately 1 ton of material from its La Blache TiO2 mineral property yielding 88 kgs of a 99.8% pure TiO2 commercial grade product.1

Validated Cost Reduction: A significant cost reduction of over 65%2,3 is validated for TiO2 processing using the RCL platform technology (e.g., reagent recycling, potentially lower energy use, optimized recovery etc.). These fundamental process efficiencies are expected to translate into economic advantages when applying the platform to Nickel or other target minerals hosted in complex ores.

Environmental Performance: The closed-loop design and high reagent recycling rates are core to the RCL platform, irrespective of the target mineral. Over 69% lower operating costs compared to conventional processing due to its core features operating at near ambient temperatures.3 This means the reduced environmental footprint and enhanced ESG profile are benefits that extend to ores and minerals previously noted, not just TiO2.

High Recovery Potential: Just as we've demonstrated high-quality, 99.8% TiO2 product from pilot testing1 the RCL platform is engineered for high recovery and purity of all target metals. Our metallurgical expertise focuses on optimizing these recoveries and maximizing margins for each specific mineral.

RCL results in a quicker and more complete liberation of the target metals using atmospheric pressure and lower temperatures than competing methods and improves the selectivity and efficiency of subsequent solvent extraction steps. Management believes that this novel metallurgical process can be applied to many complex resource deposits worldwide, enhancing both extraction and recovery for the operator.

Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

1 Source: Temas Resources Corp. "Pilot Scale Evaluation of Temas La Blache Ilmenite - Final Report PRO 21-16," 24 June 2022.

2 These metallurgical test results and cost-reduction data were first reported in the Company's Canadian market announcement dated 13 April 2021, titled "Temas Resources Acquires 50 % of Green Mineral Process Developer ORF Technologies Inc."

3 The cost-reduction figure is supported by independent evaluation conducted by the Natural Resources Research Institute (University of Minnesota, 2017) and subsequent pilot-scale validation by ORF Technologies Inc., as detailed in Temas Resources news releases of 2021 and 2022.

SOURCE: Temas Resources Corp.

Royal Caribbean (RCL - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this cruise operator have returned +9.2%, compared to the Zacks S&P 500 composite's -1.8% change. During this period, the Zacks Leisure and Recreation Services industry, which Royal Caribbean falls in, has gained 7.4%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Royal Caribbean is expected to post earnings of $3.91 per share for the current quarter, representing a year-over-year change of -10.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $17.27 points to a change of +10.4% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $19.86 indicates a change of +15% from what Royal Caribbean is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Royal Caribbean is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Royal Caribbean, the consensus sales estimate of $4.81 billion for the current quarter points to a year-over-year change of +6%. The $19.63 billion and $21.06 billion estimates for the current and next fiscal years indicate changes of +9.4% and +7.3%, respectively.

Last Reported Results and Surprise HistoryRoyal Caribbean reported revenues of $4.45 billion in the last reported quarter, representing a year-over-year change of +11.3%. EPS of $3.6 for the same period compares with $2.71 a year ago.

Compared to the Zacks Consensus Estimate of $4.45 billion, the reported revenues represent a surprise of +0.14%. The EPS surprise was +12.5%.

Over the last four quarters, Royal Caribbean surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Royal Caribbean is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Royal Caribbean. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

Investors with an interest in Leisure and Recreation Services stocks have likely encountered both Atour Lifestyle Holdings Limited Sponsored ADR (ATAT - Free Report) and Royal Caribbean (RCL - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Atour Lifestyle Holdings Limited Sponsored ADR and Royal Caribbean are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. This means that ATAT's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one piece of the puzzle for value investors.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

ATAT currently has a forward P/E ratio of 15.37, while RCL has a forward P/E of 18.42. We also note that ATAT has a PEG ratio of 0.78. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RCL currently has a PEG ratio of 1.11.

Another notable valuation metric for ATAT is its P/B ratio of 8.28. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, RCL has a P/B of 8.51.

These metrics, and several others, help ATAT earn a Value grade of B, while RCL has been given a Value grade of C.

ATAT sticks out from RCL in both our Zacks Rank and Style Scores models, so value investors will likely feel that ATAT is the better option right now.

The partnership will raise funds for specialist children's nurses through onboard donations and awareness initiatives during the new Icon Class ship's inaugural European season in July 2026

, /PRNewswire/ -- Royal Caribbean today announced a new partnership with Roald Dahl's Marvellous Children's Charity ahead of the July 2026 European debut of Legend of the Seas. Featuring the hit Broadway musical Roald Dahl's "Charlie and the Chocolate Factory," Legend will bring the partnership to life onboard, offering guests meaningful ways to support the charity and raise vital funds for specialist Roald Dahl Nurses caring for more than 50,000 seriously ill children and their families across the UK.

June 2026 - Royal Caribbean has partnered with Roald Dahl’s Marvellous Children’s Charity for Legend of the Seas’ European debut and the Royal Theater production of “Charlie and the Chocolate Factory.” The partnership spotlights the charity’s nurses, who provide expert care and practical support to thousands of children with complex, lifelong illnesses. During the inaugural European season, onboard fundraising will support a network of more than 250 specialist nurses.

Making its golden ticket debut at sea, Roald Dahl’s “Charlie and the Chocolate Factory” will headline the show-stopping entertainment lineup on Royal Caribbean’s Legend of the Seas. The hit Broadway musical with Royal Caribbean twists takes center stage in a show for vacationers and families of all ages to make memories. Launching ahead of National Children's Nurses Day on 30 June, the partnership aims to shine a light on the charity's specialist Roald Dahl Nurses, who provide expert care and practical support to thousands of children with lifelong, complex conditions. Onboard donation opportunities and fundraising moments across Legend's inaugural European season will help support the charity's network of more than 250 specialist nurses working across NHS Trusts, delivering coordinated care alongside emotional and financial support to families. 

"As a brand focused on creating memorable holidays for families, it's especially meaningful to partner with Roald Dahl's Marvellous Children's Charity to support the families who need it most," said Gerard Nolan, VP & MD, EMEA, at Royal Caribbean. "With Roald Dahl's 'Charlie and the Chocolate Factory' headlining entertainment on Legend of the Seas, partnering with the charity felt like a natural fit as we debut the newest family holiday in Europe. Roald Dahl Nurses provide extraordinary care to families every day, and we're proud to champion their work through fundraising initiatives and by welcoming members of the nursing community onboard for a well-deserved break."

To mark the launch of the partnership, Royal Caribbean will host Roald Dahl Nurses on a special 4-night preview sailing on Legend ahead of the ship's official debut on 4 July. Nurses will have the opportunity to experience the family holiday of a lifetime and enjoy the ship's unrivalled lineup of entertainment, dining and relaxation while taking a well-deserved break from their demanding day-to-day roles. 

"Our Roald Dahl Nurses make a profound difference to the lives of children with complex, lifelong conditions and their families and communities," said Louise Griew, Chief Executive, Roald Dahl's Marvellous Children's Charity. "We're delighted to be partnering with Royal Caribbean as Legend of the Seas begins its European journey. This partnership will help raise vital funds to support more families, while also shining a light on the incredible dedication and expertise of our nurses."

Legend will deliver the world's best family holiday with eight distinct neighborhoods for every mood, more than 40 ways to dine, drink and be entertained, and experiences for vacationers of all ages. After its inaugural European summer season, the new ship will head to Fort Lauderdale, Florida, in November 2026 and take vacationers on 6-night Western Caribbean getaways and 8-night Southern Caribbean adventures, including visits to the vacation brand's top-rated destination at Perfect Day at CocoCay in The Bahamas.

About Royal Caribbean
Royal Caribbean, part of Royal Caribbean Group (NYSE: RCL), has delivered memorable vacations for more than 50 years. The cruise line's game-changing ships and exclusive destinations revolutionize vacations with industry-leading innovations and an all-encompassing combination of experiences, from thrills and ways to chill, to dining and entertainment, for every type of family and vacationer. Voted "Best Cruise Line Overall" for 23 consecutive years in the Travel Weekly Readers Choice Awards, Royal Caribbean makes memories with adventurers across more than 300 destinations in 80 countries on all seven continents, including Perfect Day CocoCay in The Bahamas and Royal Beach Clubs in Paradise Island and Santorini, plus Royal Beach Club Lelepa launching October 2027.

Media can stay up to date by following @RoyalCaribPR on X and visit www.RoyalCaribbeanPressCenter.com. For additional information or to book, vacationers can visit www.RoyalCaribbean.com, call (800) ROYAL-CARIBBEAN or contact their travel advisor.

About Roald Dahl's Marvellous Children's Charity
The charity provides specialist nurses and support for seriously ill children across the UK.

Currently, over 250 Roald Dahl Nurses care for more than 50,000 children living with complex, lifelong conditions. But there are many more children who do not receive this vital specialist care.

For many families, the road to diagnosis is complex and uncertain, juggling hospital visits, managing medications, and navigating treatments and tests. They are often under the care of multiple specialists, across different hospitals.

Roald Dahl Nurses are a vital lifeline to the whole family. They coordinate care, provide emotional support, and offer a trusted, familiar presence both in hospital and at home. They help families feel less overwhelmed and isolated and more in control.

www.roalddahlcharity.org

SOURCE Royal Caribbean International

Royal Caribbean Cruises's stock price uptick in the past two months has exceeded my expectations even for the full year 2026, as a result its market multiples are stretched now. How the stock performs going forward critically depends on whether the oil price drop can be sustained or not. The price shock resulted in an earnings guidance downgrade. By the same token, a price drop can result in an upgrade. But that remains to be seen. At any rate, this change would only impact the relative short-term.

Royal Caribbean (RCL - Free Report) ended the recent trading session at $301.47, demonstrating a -3.63% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.

The stock of cruise operator has risen by 26.55% in the past month, leading the Consumer Discretionary sector's gain of 2.1% and the S&P 500's gain of 1.56%.

Investors will be eagerly watching for the performance of Royal Caribbean in its upcoming earnings disclosure. The company is expected to report EPS of $3.91, down 10.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.81 billion, up 6.04% from the prior-year quarter.

RCL's full-year Zacks Consensus Estimates are calling for earnings of $17.27 per share and revenue of $19.63 billion. These results would represent year-over-year changes of +10.42% and +9.44%, respectively.

It is also important to note the recent changes to analyst estimates for Royal Caribbean. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% lower. Currently, Royal Caribbean is carrying a Zacks Rank of #3 (Hold).

Investors should also note Royal Caribbean's current valuation metrics, including its Forward P/E ratio of 18.11. This signifies a premium in comparison to the average Forward P/E of 16.34 for its industry.

One should further note that RCL currently holds a PEG ratio of 1.1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Leisure and Recreation Services industry was having an average PEG ratio of 1.37.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 187, this industry ranks in the bottom 24% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Key Takeaways RCL expects fuel rates to reduce adjusted EPS by 62 cents for the remainder of 2026.Royal Caribbean sees net cruise costs, excluding fuel, to be approximately flat for the full year.RCL projects a full-year fuel expense of about $1.35B, with 59% of the remaining 2026 fuel hedged. Royal Caribbean Cruises Ltd. (RCL - Free Report) is working to protect 2026 earnings as higher fuel prices create a meaningful cost headwind. The company expects fuel rates to reduce adjusted earnings per share (EPS) by 62 cents for the remainder of the year, while lower expected earnings contribution from TUI Cruises adds another 12-cent drag. Full-year fuel expense is projected to be approximately $1.35 billion, with about 59% of the remaining 2026 fuel consumption hedged at rates meaningfully below market levels.

The earnings outlook is supported by continued cost discipline. RCL expects net cruise costs, excluding fuel, to be approximately flat for the full year, or 50 basis points better than its prior guidance. The company continues to focus on efficiency improvements, prudent expense management, technology, supply-chain initiatives and operating processes while maintaining the quality of the guest experience.

The second-quarter outlook provides an important checkpoint for the cost-control case. RCL expects net cruise costs, excluding fuel, to rise 4.6% to 5.1% in constant currency. The increase includes nearly 400 basis points of headwinds tied to additional dry dock days, year-over-year comparisons and higher crew travel costs caused by air travel disruptions and reduced airline capacity.

RCL’s ability to protect 2026 earnings will likely depend on whether it can sustain efficiency gains while delivering moderate capacity growth, yield growth and disciplined expense management. Cost controls may not fully neutralize the 62-cent fuel hit, but they can help limit the earnings impact and support the company’s ability to deliver double-digit adjusted EPS growth in 2026. For 2026, Royal Caribbean expects adjusted EPS of $17.10-$17.50.

How RCL Stacks Up to CompetitorsCarnival Corporation & plc (CCL - Free Report) is also facing fuel-related earnings pressure in 2026. Its guidance includes a 38-cent EPS headwind from higher fuel prices, which more than offsets an 11-cent operational improvement versus prior guidance. CCL expects full-year EPS of $2.21, with fuel assumptions based on Brent averaging $90 per barrel for the remainder of April and May, $85 per barrel in the third quarter and $80 per barrel in the fourth quarter. A 10% change in fuel cost per metric ton for the rest of the year would affect CCL’s bottom line by about $160 million, or 11 cents per share.

Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) is facing fuel pressure alongside a weaker earnings outlook. The company expects fuel expense of approximately $800 million based on current spot prices, although fuel expense would be about 6% lower if rates were based on the forward curve. Reflecting softer-than-expected top-line performance and higher fuel costs, NCLH reduced its full-year adjusted EBITDA guidance to $2.48-$2.64 billion and adjusted EPS guidance to $1.45-$1.79.

RCL’s Price Performance, Valuation & EstimatesShares of Royal Caribbean have gained 16.7% in the past year compared with the industry’s 8.8% growth.

RCL Stock’s One-Year Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, RCL trades at a forward price-to-earnings ratio of 16.92, above the industry’s average of 16.72.

RCL’s P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for RCL’s 2026 earnings implies a year-over-year uptick of 10.4%. The EPS estimates for 2026 have declined in the past 60 days.

EPS Trend of RCL Stock
Image Source: Zacks Investment Research

RCL’s Zacks RankRCL stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Royal Caribbean (RCL - Free Report) .

Royal Caribbean currently has an average brokerage recommendation (ABR) of 1.56, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.56 approximates between Strong Buy and Buy.

Of the 27 recommendations that derive the current ABR, 19 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 70.4% and 3.7% of all recommendations.

Brokerage Recommendation Trends for RCL

Check price target & stock forecast for Royal Caribbean here>>>

While the ABR calls for buying Royal Caribbean, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Should You Invest in RCL?Looking at the earnings estimate revisions for Royal Caribbean, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $17.27.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Royal Caribbean. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Royal Caribbean.

Royal Caribbean Cruises Today

RCL

Royal Caribbean Cruises

$323.96 +14.43 (+4.66%)

As of 09:53 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$232.10▼

$366.50Dividend Yield1.85%

P/E Ratio19.63

Price Target$345.58

The cruise industry is rising, and Royal Caribbean Cruises NYSE: RCL is sailing along with it.

The Miami-based company, which reported double-digit increases in this year’s first three months, is projecting further growth through the end of this year.

Get RCL alerts:

Analysts are positive on the direction of the stock. And the company is investing in the future with new destinations and a giant, new ship.

The combination of strong results and forward confidence is what most growth-oriented investors want to see.

But after a remarkable runup in share price over the past few years, is the timing right to get into the stock, or has the easy money already been made?

Royal Caribbean Delivers Another Strong QuarterSo far this year, the numbers are convincing. Royal Caribbean reported that net income in the first three months came in at $950 million, or $3.48 per diluted share, an increase of nearly 30% year-over-year.

Adjusted earnings were $1 billion, or $3.60 per share, topping analysts’ projections, thanks to strong demand and last-minute bookings coming in better than expected. Costs also ran slightly below forecast. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $1.7 billion from $1.4 billion in the year-ago period.

Overall revenue also saw a notable increase, rising 11% year-over-year, though slightly below analysts’ expectations. For the first quarter, revenue hit $4.45 billion, up from $4 billion a year earlier, and just under the $4.46 billion that analysts had projected.

Importantly, there was little sign that Royal Caribbean was filling its ships through aggressive discounting, which can help it hit revenue targets but erode profit margins in the process. Royal Caribbean’s numbers showed premium pricing holding firm and onboard spending, such as excursions, restaurants, and spa services, adding to the bottom line.

Management Expects Growth to ContinueWith the first quarter results, management continued to project growth for the year. 2025 was already impressive as the company reported adjusted net income of $4.3 billion, or earnings per share of $15.64, an increase of over 30% from the year before. Adjusted EBITDA was $7 billion, up 18% for the year.

Growth for this year is already evident. The company said passengers carried for the first quarter rose to 2.5 million, from 2.24 million a year earlier. Passenger cruise days were up to 14.9 million from 13.8 million. And the increase in passengers is expected to continue.

For full-year 2026, the company said it’s now looking at adjusted earnings per share in a range of $17.10 to $17.50 per share, representing likely double-digit growth. On a constant-currency net yield basis—an important measure in the industry to gauge revenue efficiency—the company is expecting growth of 1.5% to 2.5% for the full year.

Expansion Plans Support Long-Term StrategyPlans for further growth are also moving ahead. Royal Caribbean, already one of the world’s largest cruise vacation brands, has a fleet of 69 ships and is adding to that number. The company recently began work on a seventh Oasis-class ship, the largest class of cruise vessels, signaling confidence that demand for premium ocean travel will remain strong well into the next decade.

In addition, the company is pushing into more branded experiences that passengers can’t find with other cruise lines or by staying at premium, all-inclusive resorts. It is increasingly investing in private island destinations and branded experiences, including a hotel to help service Antarctica.

Analysts Still See More UpsideWall Street generally likes what it sees. Even with a significant increase in the price of the stock, analysts generally believe the earnings story has more room to run. The stock is up 12% this year and 16% over the past 12 months.

Of the 21 analysts following the stock, the overall consensus rates it a Moderate Buy. Fifteen analysts have tagged it a Buy, five suggest Hold, and one recommends Sell. With an average 12-month price target of $345.53, investors are looking at just over a 10% jump assuming the target is met. Other analysts, however, are tagging the target as high as $425, while the lowest price target is $280.

Valuation Leaves Less Room for ErrorRoyal Caribbean Cruises Dividend PaymentsDividend Yield1.93%

Annual Dividend$6.00

Dividend Increase Track Record1 Year

Annualized 5-Year Dividend Growth35.02%

Dividend Payout Ratio36.61%

Next Dividend PaymentJul. 2

RCL Dividend History

That potentially limited one-year upside is precisely the factor that investors should consider. The recovery story, post-pandemic, has already played out. Royal Caribbean shares are up a whopping 250% over the past five years.

The dividend yield sits just below 2%, which means this is not a stock to buy for income. It’s a company whose value depends on earnings growth, brand strength, and continued execution.

Risks for the industry are also ever-present. Cruises are planned for months in advance, which means any demand slowdown can show up in bookings well before it hits earnings. If U.S. consumers pull back on discretionary spending, whether because of job concerns, credit stress, or general uncertainty, premium bookings can compress very quickly.

Current projections have already been scaled back slightly for 2026 compared with the guidance the company gave at the start of the year. Changes and uncertainties in the global outlook, potential currency fluctuations, and evolving booking patterns led to the adjustment.

Growth Story Remains Strong, But Risks PersistStill, a leading company with revenue growth in the double digits, adjusted earnings per share of $3.60 beating guidance, and a healthy full-year outlook is not easy to ignore. These achievements are not simple for a company already operating from near-record highs.

And for growth investors comfortable with cycles, Royal Caribbean is among the better-run alternatives. The company’s pricing power, branded destination strategy, and continued earnings growth make it one of the more attractive stories in the travel sector.

But the current valuation already reflects the good news. Competition in the consumer discretionary sector from other major cruise lines, including Carnival NYSE: CCL and Norwegian Cruise Line NYSE: NCLH, is always steep. And the future spending power of consumers is forever prone to change. The question for investors is whether this is a stock whose ship has already sailed.

Should You Invest $1,000 in Royal Caribbean Cruises Right Now?Before you consider Royal Caribbean Cruises, you'll want to hear this.

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Key Takeaways RCL benefits from record pricing, strong onboard spending and continued double-digit growth expectations.RCL is expanding exclusive destinations, loyalty programs and digital tools to boost engagement.RCL faces risks from fuel costs, geopolitical uncertainty and modest earnings estimate cuts. Royal Caribbean Cruises Ltd.’s (RCL - Free Report) shares have climbed 16.5% over the past month, compared with the industry’s increase of 7.2%. The company’s ability to sustain strong demand, expand margins and generate long-term earnings growth despite a volatile macroeconomic backdrop bodes well.

The rally has been fueled by management’s upbeat commentary on consumer spending trends, record booking activity, resilient pricing, growing onboard spending and confidence in delivering another year of double-digit revenue and earnings growth.

Investors also appear encouraged by Royal Caribbean’s expanding portfolio of exclusive destinations, growing loyalty ecosystem and technology-driven initiatives that are helping deepen customer engagement and strengthen its competitive position. While geopolitical uncertainties and fuel-cost pressures remain concerns, the cruise operator continues to demonstrate why it is viewed as one of the strongest players in the global vacation industry.

On the other hand, within the same time frame, shares of other industry players like Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) and Carnival Corporation & plc (CCL - Free Report) have gained 27.3% and 17.1%, respectively.

Price Performance
Image Source: Zacks Investment Research

What’s Working in Royal Caribbean’s Favor?Royal Caribbean continues to benefit from one of the strongest demand environments in the travel industry. Management noted that consumers remain highly engaged, prioritizing experiences over material purchases. The company’s booking position remains at record pricing levels, while onboard spending continues to run well above pre-pandemic norms. This combination is supporting healthy revenue growth and profitability.

Another major strength is Royal Caribbean’s leadership in the Caribbean market. The region represents more than half of the company’s deployment, and management expects positive Caribbean yield growth in 2026 despite industry capacity additions. Premium destinations such as Perfect Day at CocoCay and Royal Beach Club Paradise Island continue to differentiate the company’s offerings and support pricing power.

The company is also seeing increasing benefits from its digital transformation initiatives. Mobile app adoption exceeds 90%, digital booking penetration has more than doubled since 2019 and over half of onboard purchases are now made before guests board a ship. These trends allow Royal Caribbean to personalize vacations, improve guest engagement and drive higher onboard spending.

Loyalty initiatives are creating another growth avenue. Repeat guests now account for roughly 40% of customers, up from historical levels. Management noted that repeat customers spend about 25% more than first-time cruisers, boosting customer lifetime value and reducing acquisition costs. The company’s Status Match program and new Royal ONE co-branded credit card should further strengthen customer retention.

Growth prospects also remain compelling. Royal Caribbean continues expanding its destination ecosystem through projects such as Royal Beach Club Santorini, Royal Beach Club Cozumel and Perfect Day Mexico. The latter is expected to become a major draw for the underpenetrated Texas cruise market. Meanwhile, the Icon-class fleet continues to generate strong consumer demand, with bookings for the upcoming Legend of the Seas reportedly ahead of previous Icon-class launches.

Financially, the company remains on a solid footing. First-quarter adjusted EBITDA margin expanded more than 300 basis points year over year to 38%, operating cash flow increased 13%, and leverage ended the quarter below 3x. Strong cash generation provides flexibility for fleet investments, debt reduction and shareholder returns.

What Could Hurt RCL Going Forward?Despite the favorable outlook, investors should not overlook several risks. The most immediate concern is geopolitical uncertainty. Royal Caribbean acknowledged that conflicts in the Middle East temporarily weakened booking trends for high-yield Mediterranean itineraries. Although management said bookings have rebounded and demand has “turned the corner,” these disruptions forced the company to reduce its yield expectations for parts of 2026.

Fuel costs represent another challenge. Rising fuel prices are expected to create a significant earnings headwind this year. Management estimates current fuel prices could reduce earnings by approximately 62 cents per share, even with nearly 60% of 2026 fuel consumption hedged. Additional energy price volatility could pressure margins.

Airfare inflation and travel disruptions also remain concerns. Higher flight costs and reduced airline capacity negatively affected Mediterranean bookings during the quarter. While conditions have improved, further disruptions could impact customer travel decisions, particularly for international itineraries.

The company is also navigating capacity growth across the industry. While Royal Caribbean believes its premium destinations and newer ships provide a competitive advantage, increased cruise supply could eventually put pressure on prices if demand softens.

RCL Estimate RevisionsIn the past 30 days, analysts have trimmed their estimates for the current and the next years by 0.5% to $17.27 and 0.7% to $19.86, respectively. These estimates indicate year-over-year growth rates of 10.4% and 15%, respectively. Then again, Carnival and Norwegian Cruise’s current-year earnings are estimated to witness year-over-year declines of 1.3% and 20.4%, respectively.

Image Source: Zacks Investment Research

Royal Caribbean Trades at a DiscountRCL is currently priced at an attractive discount relative to its industry, making it a compelling opportunity for investors. With a forward 12-month price-to-earnings (P/E) ratio of 15.96, below the industry average, RCL’s valuation suggests room for upside, reinforcing its appeal for those looking to capitalize on its growth trajectory.

Image Source: Zacks Investment Research

Wrapping UpRoyal Caribbean appears well positioned to continue benefiting from strong consumer demand, premium vacation offerings, a growing base of loyal customers and an expanding portfolio of exclusive destinations. The company’s focus on enhancing guest experiences through new ships, destination investments and digital innovation should support long-term revenue and profit growth.

However, the stock’s recent surge leaves less room for error, particularly as the company navigates geopolitical uncertainties, elevated fuel costs and potential travel disruptions that could weigh on demand in certain regions. While Royal Caribbean's competitive advantages and growth initiatives justify confidence in its long-term outlook, the recent rally and modest downward revisions to earnings estimates suggest that risk-reward is becoming more balanced. Consequently, current shareholders may consider holding the stock to participate in the company's ongoing growth story, while prospective investors may prefer to wait for a more favorable entry point before building new positions.

The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Mexico's Environment Minister Alicia ​Barcena said on Tuesday ‌that Royal Caribbean's "Perfect Day" project in the state of ​Quintana Roo "is not going ​to be approved."

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Royal Caribbean (RCL - Free Report) .

Royal Caribbean currently has an average brokerage recommendation (ABR) of 1.65, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 26 brokerage firms. An ABR of 1.65 approximates between Strong Buy and Buy.

Of the 26 recommendations that derive the current ABR, 18 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 69.2% and 3.9% of all recommendations.

Brokerage Recommendation Trends for RCL

Check price target & stock forecast for Royal Caribbean here>>>

The ABR suggests buying Royal Caribbean, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is RCL a Good Investment?In terms of earnings estimate revisions for Royal Caribbean, the Zacks Consensus Estimate for the current year has declined 0.4% over the past month to $17.27.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Royal Caribbean. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Royal Caribbean with a grain of salt.

Cruise company ​Royal Caribbean decided ‌to withdraw a large water ​park project ​it planned on Mexico's ⁠Caribbean coast ​following Mexican authorities' ​rejection of the project, President Claudia ​Sheinbaum said ​on Wednesday.

Royal Caribbean (RCL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The comprehensive program supporting local entrepreneurs culminated in a pitch competition spotlighting local innovation and economic growth

, /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL), a global vacation leader, today announced Exit Glacier Greenhouses, pioneered by Sydney Singer, as the recipient of its inaugural Port Partners Small Business Accelerator Award, recognizing the company's potential to drive economic growth, create local opportunity, and contribute to the long-term vitality of the Seward community.

Exit Glacier Greenhouses aims to provide Seward, Alaska with year-round produce and deliver premium quality freshness and taste, grown with the lowest environmental impact. In a state where more than 95% of food is imported, the need to develop resilient, eco-friendly infrastructure to ensure community food security is critical. With the $20,000 grant, Singer plans to begin development of six pre-designed, crop-specific greenhouse modules with solar powering. Upgraded infrastructure will expand production from 2026's anticipated 700 pounds of seasonal production to 4,000 pounds of food within a year.

From left to right: Greg Haas, instructor, Alaska Vocational Technical Center; Sydney Singer, founder, Exit Glacier Greenhouse; Preston Carnahan, vice president, Destination Development, Alaska, West Coast, and Pacific; Dr. Cory Ortiz, division director, Alaska Vocational Technical Center. "I look forward to growing my business to ensure that all 2,900 Seward residents can have access to much-needed fruits and vegetables for a healthy diet, made possible through the Port Partners grant," said Sydney Singer, founder of Exit Glacier Greenhouses. "The critical business skills and connections with fellow business owners and mentors I have gained through the program have been invaluable, and I am grateful for the joyful opportunity this has brought to me, my cohort participants, and our community."  

The announcement follows the conclusion of the 2026 Port Partners Small Business Accelerator program in Seward, a multi-month initiative designed to help local entrepreneurs strengthen their businesses through education, mentorship, networking opportunities, and access to funding. Part of Royal Caribbean Group's broader SEA the Future platform, dedicated to Sustaining the Planet, Energizing Communities, and Accelerating Innovation, the program was supported by key partners including Alaska Vocational Technical Center (AVTEC), University of Alaska, Alaska Small Business Development Center, Seward Chamber of Commerce, and City of Seward.

"At Royal Caribbean Group, we believe strong communities are essential to delivering memorable vacation experiences," said Preston Carnahan, vice president, Destination Development, Alaska, West Coast, and Pacific, Royal Caribbean Group. "The Port Partners program is about investing in local entrepreneurs who are creating opportunities, supporting economic resilience, and helping communities thrive. We congratulate Exit Glacier Greenhouses on this well-deserved recognition and look forward to supporting their continued growth."

Exit Glacier Greenhouses receives $20,000 in funding, college credits, ongoing mentorship from business leaders, and increased exposure through the Port Partners network to help accelerate progress and expand their impact in the region.

This year's program brought together 15 participants from across South Central Alaska for a series of workshops and coaching sessions focused on business planning, financial management, marketing, community engagement, and sustainable growth strategies. Participants were paired with experienced, local entrepreneurs and industry professionals who provided guidance throughout the program. Graduating participants received three credits from the University of Alaska system and had the opportunity to pitch their business plan to a group of community leader judges at a live community event.

To spotlight Seward's current and future small business pipeline, the celebration was catered by Primrose Provisions, Flamingo Lounge, Firebrand BBQ, Alaska Culinary Experience, and Stoney Creek Brewhouse, with decorations by Lift'd Gifts, and music from Blackwater Railroad.

For more information about Port Partners and future initiatives, visit PortPartners.com.

See how Royal Caribbean Group is energizing communities around the world in our mission to vacation responsibly with the SEA The Future program.

Follow the Port Partners journey on Royal Caribbean Group's social channels.

LinkedIn: Royal Caribbean Group

Facebook: Royal Caribbean Group

X/Twitter: @RoyalCaribbeanGroup

About Royal Caribbean Group

Royal Caribbean Group is a leading global vacation company spanning cruise, one-of-a-kind destinations, and land-based vacation experiences. The company operates 69 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands - Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises, which operates the Mein Schiff and Hapag-Lloyd brands.

The Group is expanding its portfolio of private destinations through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations.

Named to the Fortune World's Most Admired Companies 2026 list and to Forbes' 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit royalcaribbeangroup.com.

SOURCE Royal Caribbean Group

The Dale R. and Carol Ann Lindsey Alaska Railroad Terminal is a state-of-the-art facility that provides a seamless gateway to Alaska for guests around the world

, /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL), a global vacation leader, recently commemorated the opening of the Dale R. and Carol Ann Lindsey Alaska Railroad Terminal with partners Alaska Railroad, The Seward Company, Turnagain Marine Construction at an official ribbon cutting ceremony including Alaska dignitaries Representative Louise Stutes of Kodiak and Seward, 5th District; Representative Alyse Galvin of Anchorage, 14th District; Alaska Department of Commerce, Community and Economic Development Commissioner Julie Sande; and Seward Mayor Sue McClure.

"We're thrilled to celebrate the culmination of nearly a decade of efforts to unlock this world-class travel destination, bringing long-term economic opportunities to Seward and beyond," said Josh Carroll, senior vice president, Deployment, Destination Development and Port Operations. "The journey to open the Dale R. and Carol Ann Lindsey Alaska Railroad Terminal as a portal to premier travel destinations would not have been possible without our supporting partners, government official stakeholders, and the local community."

The new terminal replaces aging dock facilities that date to the mid-1960s, positioning Seward as a premier cruise turn port.

"We know how important the terminal is not just to Seward, but to communities across Southcentral and Interior Alaska as these cross-gulf cruise guests take the opportunity to explore Alaska by land as well," said Bill O'Leary, President and CEO of the Alaska Railroad, the longtime owner and operator of the Seward passenger dock and terminal. "We were delighted to have the Lindsey family join us for the ribbon cutting to honor Dale and Carol Ann's many contributions to Seward and our state, and to celebrate an important milestone for this project."

As the largest cruise terminal in Alaska, this state‑of‑the‑art facility is designed to elevate guest experiences by prioritizing optimized passenger flows, sheltered queuing, and efficient passenger processing. The facility's direct adjacency to the Alaska Railroad station opens convenient onward travel to Anchorage, Fairbanks, and the broader communities of Alaska. The terminal is divided into 41,500 square feet of enclosed space and 27,000 square feet of open, pass-through luggage transfer layout.

The modernization of the pier includes a shore power system, developed through the US Environmental Protection Agency's Clean Ports Grant, resulting in cleaner air and reduced noise. With this alternative energy capability, any excess power generated during winter months will be stored in battery systems, serving as a backup power grid for Seward during unpredictable winter weather.

Built for year-round operations, the terminal serves as the community's largest indoor space, enabling ongoing recreational sports, concerts, festivals, and community gatherings, amidst winter weather conditions in the cruise off-season. The space was inaugurated for that exact purpose when Royal Caribbean Group invited the entire Seward community to help celebrate the culmination of their Port Partners small business accelerator program where standout business Exit Glacier Greenhouses received a $20,000 grant to help scale operations, representing the company's longstanding commitment to economic development in coastal communities.

See how Royal Caribbean Group is energizing communities around the world in our mission to vacation responsibly with the SEA The Future program.

Follow Royal Caribbean Group on social media:

LinkedIn: Royal Caribbean Group

Facebook: Royal Caribbean Group

X/Twitter: @RoyalCaribbeanGroup

ROYAL CARIBBEAN GROUP

Royal Caribbean Group is a leading global vacation company spanning cruise, one-of-a-kind destinations, and land-based vacation experiences. The company operates 70 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands - Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises, which operates the Mein Schiff and Hapag-Lloyd brands.

The Group is expanding its portfolio of private destinations through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations.

Named to the Fortune World's Most Admired Companies 2026 list and to Forbes' 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit royalcaribbeangroup.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/royal-caribbean-group-and-alaska-railroad-company-celebrate-official-opening-of-cruise-terminal-in-seward-alaska-302796837.html

SOURCE Royal Caribbean Group