Carnival (NYSE:CCL) is scheduled to announce Q3 earnings results on Monday, September 29th, during market hours.
Wall Street, on average, expects the cruise company to post a quarterly EPS Estimate is $1.32 (+3.9% Y/Y) on revenue of $8.11B (+2.7% Y/Y).
Fueled by record high bookings despite historically high prices, Carnival Corporation (NYSE:CCL) reported strong fiscal second quarter results. The impressive results led the company to hike its full year guidance once again. Net income is expected to increase by 40% versus earlier guidance for a 30% gain, and adjusted EBITDA of $6.9B versus March’s guidance of $6.6B to $6.7B.
“After the next few quarters, Carnival will have more normalized earnings growth going forward. The offseason quarters saw the business flip to positive income from prior losses, and the company will show more modest improvements in FY26,” 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 8 upward revisions and 6 downward. Revenue estimates have seen 12 upward revisions and 0 downward.
Since the start of the year, CCL shares have climbed 22.5%, compared to over 12% 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.