Carnival (CCL) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Carnival (CCL) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Carnival Stock Cruises to Another Beat-and-Raise Performance
Carnival saw revenue and adjusted earnings per share climb 15% and 62%, respectively, in its latest quarter. Carnival's trailing earnings multiple went from 24 to 16 after the report.
Carnival (CCL) Q3 Earnings and Revenues Surpass Estimates
Carnival (CCL) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.86 per share a year ago.
Carnival Stock Slips After Record-Setting Quarter Offset by Weak Outlook
Carnival Corporation (CCL) reported record-setting operating results and boosted its full-year guidance for a third time as ticket and other sales jumped. However, shares slipped Monday morning as the cruise operator predicted net yields that were below estimates.
Carnival's Record-Setting Quarter Offset by Weak Net Yield Outlook
Carnival Corporation (CCL) reported record-setting operating results and boosted its full-year guidance for a third time as ticket and other sales jumped. However, shares slipped Monday morning as the cruise operator predicted net yields that were below estimates.
Cruise operator Carnival posts record income and revenue in third quarter
Carnival Corp (NYSE:CCL) has reported record-breaking results for the third quarter, with net income of $1.7 billion representing a 60% increase compared to the same period in 2023. Company revenue also hit an all-time high of $7.90 billion, proving that the global appetite for charter cruises has well and truly rebounded from the pandemic era.
Carnival's stock drops as downbeat net yields outlook offsets record revenue
Carnival's stock took a hit Monday, after the cruise operator reported record fiscal third-quarter revenue that beat expectations, but provided a downbeat outlook for net yields in the current quarter.
Can Carnival Stock Cruise Higher Next Week?
Carnival will report results for its seasonally potent fiscal third quarter on Monday morning. A pair of analysts raised their price targets last week, anticipating a strong financial update.
Carnival Pre-Q3 Earnings Analysis: Should You Buy, Sell or Hold?
CCL's fiscal third-quarter performance is likely to have benefited from robust booking trends, fleet optimization, and strategic expansions.
Buy These 4 S&P 500 Year-to-Date Laggards With Solid Near-Term Upside
Four S&P 500 laggards of this year have double-digit upside left for the rest of 2024. These are: CCL, PFE, ZTS, TDY.
Can Carnival continue to cruise smoothly?
Carnival PLC (LSE:CCL) third quarter update on Monday (31 Sep) comes on the back of a record second quarter with revenue up 18% helped by higher ticket sales and an uplift in onboard spending. So far, worries over consumer spending have yet to show through into demand for cruises and an ageing population should prove a buffer, but with expectations high there is little room for error especially with Carnival's problematic balance sheet.
Stocks to watch next week: Tilray, Nike, Carnival, Constellation Brands
American stocks performed great this week, thanks to the recent decision by the Federal Reserve to cut interest rates and the robust stimulus provided by Chinese authorities. The Dow Jones rose for three consecutive weeks, reaching a record high of $42,310.
