UBS Previews Carnival's (CCL) Second Quarter; Believe Guidance Could Be Raised
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Price: $33.81 --0%
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade CCL Now!
UBS maintains a 'Buy' on Carnival Corporation (NYSE: CCL) price target of $39.00 (from $34.00).
Analyst, Robin M. Farley, said, "We Expect Carnival to Report $0.07 EPS for Q2’12 vs. company guidance of $0.05-$0.09 ($0.07-$0.11 when adjusted for $0.02 benefit from fuel/FX since last report). We don’t anticipate that CCL will lower its constant currency top-line guidance of down 200bp to down 400bp for 2012, which includes 13-25% yield decline for the Costa brand."
Farley thinks CCL could even raise full year guidance, and actually bumps his own estimates up, including FY12 EPS from $1.56 to $1.78, FY13 from $2.10 to $2.50. FY14 EPS estimate also raised from $2.88 to $3.28.
For an analyst ratings summary and ratings history on Carnival Corporation click here. For more ratings news on Carnival Corporation click here.
Shares of Carnival Corporation closed at $34.72 yesterday, with a 52 week range of $28.52-$38.83.
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Analyst, Robin M. Farley, said, "We Expect Carnival to Report $0.07 EPS for Q2’12 vs. company guidance of $0.05-$0.09 ($0.07-$0.11 when adjusted for $0.02 benefit from fuel/FX since last report). We don’t anticipate that CCL will lower its constant currency top-line guidance of down 200bp to down 400bp for 2012, which includes 13-25% yield decline for the Costa brand."
Farley thinks CCL could even raise full year guidance, and actually bumps his own estimates up, including FY12 EPS from $1.56 to $1.78, FY13 from $2.10 to $2.50. FY14 EPS estimate also raised from $2.88 to $3.28.
For an analyst ratings summary and ratings history on Carnival Corporation click here. For more ratings news on Carnival Corporation click here.
Shares of Carnival Corporation closed at $34.72 yesterday, with a 52 week range of $28.52-$38.83.
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