Carnival Corporation: Continued Recovery Ahead

Summary:

  • Carnival Corporation’s stock price has doubled this year, far outpacing the S&P 500’s performance.
  • Its revenues have almost returned to pre-pandemic levels and the company also reported its first profit since the pandemic in Q3 2023.
  • Its guidance for 2024, which is due out with its full-year 2023 results that are expected later this month, should continue to point in the direction of a healthy recovery.
Mature couple drinking wine out on the deck.

courtneyk/E+ via Getty Images

To say that this has been a good year for cruise operator Carnival Corporation (NYSE:CUK) (NYSE:CCL) in the stock market would be an understatement. Its price has almost doubled year-to-date [YTD] (see chart below). Even since I


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CUK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *