Carnival: All Clear Sign


  • Royal Caribbean reported a solid Q4’22 earnings report, but most importantly guided to a big 2023 EPS of over $3.
  • Carnival already forecast a solid adjusted EBITDA boost in the weak FQ1’23 in a sign this year was going to be vastly improved.
  • The stock is cheap at $12 with peers already guiding to 2025 EPS targets topping 2019 peak levels amounting to a $4+ EPS target for Carnival.

Low angle panoramic shot of Carnival Freedom docked in Cozumel. Gorgeous smooth turquoise water, wooden pier in the foreground. Blue sky in the background

SeregaSibTravel/iStock Editorial via Getty Images

The cruise line stocks have seen a strong rally in early 2023 due in part to the likely end of tax-loss selling as the calendar turned to the new year. Carnival Corp. (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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