Carnival stock leapt on its earnings beat, record Q2 revenue early Tuesday. The cruise giant lifted its outlook as 2025 demand outpaces 2024.
Carnival Corp.'s stock CCL, +4.09% was up 4% in premarket trading Tuesday after the cruise operator swung to a second-quarter profit. Wall Street analysts had expected a loss.
Whether you love it or hate it, setting sail on a cruise is undeniably a favorite vacation option for many travelers. Cruise stocks are equally polarizing and, like many travel stocks, tend to be better trades than long-term investments.
Carnival Corp CCL will report second-quarter (Q2) earnings on Tuesday. Wall Street expects -20 cents in EPS and $5.7 billion in revenues as the company reports before market hours.
Carnival is enjoying record demand and exceeding expectations across metrics. It's still recovering from the pandemic with high debt and net losses.
The market rally so far has been what anyone would have expected just a year back. I wouldn't be surprised if it drags on and, the S&P 500 crosses 6,000 points, and the Nasdaq goes above 20,000 by the end of the year.
Carnival Corporation CCL will release earnings results for its second quarter, before the opening bell on Tuesday.
Carnival reports its fiscal second-quarter results before the market opens on Tuesday. Analysts see dramatic bottom-line improvement on a 16% year-over-year jump in revenue.
Revenge travel or the concept of making up for lost time due to the Covid-19 disruption may have expired. But that doesn't necessarily spell doom for travel stocks to buy.
Carnival Corporation's unmoving stock price over the past quarter is hardly surprising going by its market multiples. But can things change with the Q2 2024 results due soon? The company's expected to continue making progress, to be sure. Revenue growth, improved EBITDA margins and possibly even an adjusted net income are expected. The company's upgraded guidance for 2024 is encouraging, too. If its results turn out better than anticipated, guidance can improve again, which can be good for the stock.
Carnival is trading for less than five times what analysts see it earning in 2030. Roku is expected to be profitable by 2027, and some recent shortcomings can be overcome sooner.
Cruise operator Carnival Corp (NYSE:CCL) has faced several obstacles in the first half of the year, according to Hargreaves Lansdown. The temporary closure of its Baltimore port after a cargo ship collided with a bridge and the conflict in the Red Sea were just two, said the wealth platform.