The cruise operator's earnings report spotlighted strong pricing and bookings trends.
Carnival (CCL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Carnival (NYSE:CCL) is scheduled to release its earnings on Thursday, December 18, 2025. The firm's current market capitalization stands at $37 billion.
Carnival heads into Q4 earnings with rising EPS and revenue estimates, strong bookings and pricing. Yet, lingering cost pressures temper expectations.
Carnival Corporation is poised for record FQ4 results, with strong travel demand and improving financials supporting a bullish outlook. The cruise line expects FY25 adjusted EBITDA over $7 billion, net income up 55% YoY, and robust 2026 bookings at higher prices. Debt reduction remains a key theme, with leverage down to ~3.5x EBITDA and plans to repay $500 million in convertible debt.
Carnival (CCL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CCL is Tripadvisor's competitor in the Hotels, Resorts & Cruise Lines sector that possesses:
Carnival's free cash flow momentum accelerates as stronger pricing, longer booking curves and efficiency gains deepen its recovery.
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In the latest trading session, Carnival (CCL) closed at $25.51, marking a -1.92% move from the previous day.
Carnival Corporation remains rated Buy, with a compelling upside after a recent 10% price drop, reflecting softening demand conditions. CCL's forward P/E has dropped in the past two months, owing to an improved outlook and lower price. Its EV/EBITDA is also at the lowest levels in the sector. While deceleration in industry-wide cruise growth along with a weak macroeconomic outlook is concerning, the company's earnings outlook and expectations for 2026 are still encouraging.