Are you waiting for RCL's earnings report? A quick overview:

Royal Caribbean Cruises Ltd (RCL) is going to report earnings on August 04. Here's a few things you should know about before the report drops.

Analysts are estimating Royal Caribbean Cruises Ltd will report an EPS (earnings per share) of $0.20 EPS, GAAP Estimate $0.25, Revenue Estimate $2.98B on Thursday.

Royal Caribbean Cruises Ltd bulls will obviously be hoping that the earnings report beats the analysts' estimates and also sets strong expectations for the company to grow in coming quarters.

If you're a bear you'll primarily care about two things. The first is that the reported EPS underperformed analysts estimates. The stock should move on just that news alone. The second is that the report paints a pretty depressing picture of how the company will decelerate or even see a decline in revenues over the following quarters. EPS underperformance, and a negative growth story, those are the things to watch.

If you haven't traded too many earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by the analysts' estimates, rather than from the earnings report itself. As you see more of these, your ability to recognize one or the other will improve.

Share price moves can have an impact on existing shareholder sentiment. As of July 27 shares of RCL are trading at $33.12. Over the last 52-week period, the price is down -66.3%.