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Carnival (NYSE:CCL) is scheduled to announce Q2 earnings results on Tuesday, June 24th, before market open.
Wall Street, on average, expects the cruise company to post a quarterly EPS of $0.24 (+118.2% Y/Y) on revenue of $6.21B (+7.4% Y/Y). Carnival forecast current-quarter adjusted profit of 22 cents per share.
In the fiscal first quarter, with less inventory available contributing to higher prices, Carnival reported record revenue of $5.8B (+7.4% year-over-year) along with a profit of $0.13 per share. This compares to a loss of $0.14 in the same quarter last year and 11 cents better than expected.
“Carnival’s management’s focus on the Caribbean and Northern Europe minimizes direct exposure to Middle East conflict, though surging oil prices remain a key risk,” pointed out a recent Seeking Alpha analysis.
Over the last 2 years, CCL has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 10 upward revisions and 6 downward. Revenue estimates have seen 10 upward revisions and 6 downward.
Since the start of the year, CCL shares have fallen 7%, compared to the 1.5% rise in the broader S&P 500 index (SP500).
Seeking Alpha’s Quant recommended the stock as a Strong Buy, while the Wall Street analysts see the company as a Buy.
CCL shares were down 2.3% on Monday, ahead of results.