Royal Caribbean Cruises (NYSE: RCL) reported earnings on April 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Royal Caribbean Cruises beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
Royal Caribbean Cruises recorded revenue of $1.83 billion. The 20 analysts polled by S&P Capital IQ predicted revenue of $1.80 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $1.67 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.21. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.21 for Q1 were 40% lower than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.6%, 250 basis points worse than the prior-year quarter. Operating margin was 7.4%, 150 basis points worse than the prior-year quarter. Net margin was 2.6%, 210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.83 billion. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $7.82 billion. The average EPS estimate is $1.98.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 407 members out of 498 rating the stock outperform, and 91 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Royal Caribbean Cruises a green thumbs-up, and 20 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Royal Caribbean Cruises is outperform, with an average price target of $35.31.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.