Carnival Corporation CCL will release its fourth-quarter financial results, before the opening bell, on Friday, Dec. 20.
Our proprietary Zacks Earnings ESP indicator predicts another earnings beat for the upcoming release.
Carnival's fiscal fourth-quarter performance is likely to have benefited from elevated booking trends and a strong pricing environment.
The travel industry in 2025 will likely gain from increased vacation spending. Stocks like TCOM, RCL, CCL and LUV are expected to gain from the trend.
Get a deeper insight into the potential performance of Carnival (CCL) for the quarter ended November 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Before investors start their calendar prep for 2025, there's one final earnings report to monitor this week.
Here is how Carnival (CCL) and Grand Canyon Education (LOPE) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Carnival is poised to benefit from strong 2025 cruise demand. The 2025 Wave Season is predicted to be robust, with industry bookings already 10-15% above historical levels, supporting continued free cash flow and debt reduction. The cruise line forecasts $3 billion in free cash flow for FY24, despite high capex, and targets $6 billion in adjusted EBITDA.
Carnival Corporation's stock price surged in recent months, driven by better-than-expected Q3 2024 results and upgraded full-year guidance. Even though Q4 2024 figures are set to be lackluster, 2024 performance and outlook for 2025 should make up for it when the company releases results later this week. 2025's forward P/E also indicates decent valuations, which should override any current concerns on overvaluation.
As analysts start working on their "naughty or nice" list this time of year, Carnival Corp. (CCL 0.17%) (CUK 0.34%) is receiving a lot of bullish attention. At least six Wall Street pros boosted their price targets on the world's largest cruise line operator last week.