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Miami, Florida-based Carnival Corporation & plc (CCL) is a cruise company that provides leisure travel services in North America and internationally. With a market cap of $34.7 billion, the company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
CCL is expected to release its Q3 earnings on Monday, Sept. 29. Ahead of its release, analysts project the company to report a profit of $1.31 per share, up 3.2% from $1.27 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in each of the last four quarters, which is impressive.
For the full year, analysts expect CCL to report EPS of $2, up 40.9% from $1.42 in fiscal 2024. Moreover, its EPS is expected to grow in fiscal 2026, rising 14% year over year to $2.28.
Shares of CCL have climbed 72.2% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 17.1% uptick and the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 23.9% gain over the same time frame.
On Jun. 27, Carnival stock closed up more than 4% after Moody's Corporation (MCO) upgraded Carnival’s long-term corporate rating to Ba2 from Ba3.
The consensus opinion on CCL stock is highly optimistic, with an overall “Strong Buy” rating. Out of the 25 analysts covering the stock, opinions include 18 “Strong Buys,” one “Moderate Buy,” and six “Holds.” The mean price target of $31.29 indicates a 5.2% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
