Carnival's Earnings Report: Carnival is set to report earnings, having exceeded revenue expectations last quarter with $6.33 billion, a 9.5% year-on-year increase. Analysts expect a revenue growth of 2.7% this quarter to $8.11 billion, with adjusted earnings projected at $1.32 per share.
Market Performance and Analyst Sentiment: Despite a recent 3.9% decline in Carnival's stock, analysts have maintained their estimates, indicating confidence in the company's performance. The average analyst price target is $34.73, compared to the current share price of $30.65.
CUK
$25.91+Infinity%1D
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About CUK
Carnival PLC is a global cruise company. The Company’s segments include North America and Australia (NAA) cruise operations, Europe and Asia (EA) cruise operations, Cruise Support, and Tour and Other. NAA cruise operations include Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), and Seabourn. The EA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (UK) and Cunard. Cruise Support segment includes its portfolio of port destinations and other services, all of which are operated for the benefit of its cruise brands. Tour and Other segment represent the hotel and transportation operations of Holland America Princess Alaska Tours and other operations. Holland America Princess Alaska Tours is a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations. The Company’s cruising offers a broad range of products and services to suit vacationing guests.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
