Carnival Corp. (CCL) reports continued demand acceleration, tops Q2 consensus estimates
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Stifel on Carnival Corporation (CCL): 'we see no reason CCL shares should come under pressure. None.'
June 26, 2023 10:46 AM EDTStifel analyst Steven Wieczynski reiterated a Buy rating and $18.00 price target on Carnival Corporation (NYSE: CCL)
The analyst comments "This is going to be a classic sell the news type of day for CCL shares, in our opinion. CCL shares have had a massive run over the last month, and we believe faster-money investors have been... More
Morgan Stanley on Carnival Corporation (CCL): 'we do not think there is enough here to keep the valuation this elevated'
June 26, 2023 10:01 AM EDTMorgan Stanley analyst Jamie Rollo reiterated an Underweight rating and $7.00 price target on Carnival Corporation (NYSE: CCL)
The analyst comments "Q2 is in-line with expectations, and while there is a FY23 upgrade it is modest (4% to EBITDA), with a revenue yield upgrade partly... More
Carnival Corp. (CCL) Tops Q2 EPS by 3c
June 26, 2023 9:16 AM EDTCarnival Corp. (NYSE: CCL) reported Q2 EPS of ($0.31), $0.03 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.78 billion.
2023 Outlook
For the full year 2023, the company expects:
Adjusted EBITDA of $4.10 billion to $4.25 billion, above March guidance's range and with a midpoint increase of $175 millionIncludes approximately $0.5 billion unfavorable impact... MoreDow Jones, Nasdaq, S&P 500 weekly preview: Tech bull running out of steam?
June 26, 2023 7:53 AM EDTFor the first time in 6 weeks, the S&P 500 (SPX) closed lower on a weekly basis. The benchmark U.S. stock market index fell 1.4% last week after previously hitting the highest levels since April 2022.
The bulls tested and failed at 4400, a zone that hosts an important resistance in the context of an ascending trend line that connects the two prior peaks (Nov 2022 and Jan 2023).
Dow Jones Industrial Average (DJI) fell almost 1.7% as the index approaches the 100 weekly moving average. Similarly, Nasdaq Composite Index (IXIC) closed nearly 1.5% lower, marking the first weekly decline since April.
Looking... More
Stocks expected to have increasing option volume: CCL DAL NKE MU GIS
June 26, 2023 4:32 AM EDTStocks expected to have increasing option volume: CCL DAL NKE MU GIS
... MoreCarnival Corp. (CCL) June weekly 16 straddle into quarter results
June 26, 2023 4:11 AM EDTCarnival Corp. (NYSE: CCL) June weekly 16 straddle is priced for a move of 13% into the expected release of quarter results today.
... MoreCarnival set to post strong revenue growth as new, younger customers drive demand
June 23, 2023 12:03 PM EDTBy Granth Vanaik
(Reuters) - Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising.
While Americans have cut back on purchasing big-ticket non-essential goods due to soaring costs, protracted confinement to their homes during the pandemic has whet their appetite for outdoor experiences.
According to data from J.P. Morgan, there has been an 80-basis-point rise in consumer spending on services including cruises and flight travel from a year... More
Carnival Corp. (CCL) option IV elevated into quarter results
June 23, 2023 10:14 AM EDTCarnival Corp. (NYSE: CCL) June weekly call option implied volatility is at 108, July is at 65; compared to its 52-week range of 47 to 99 into the expected release of quarter results before the bell on June 26 and an investor meeting on June 27.
... MoreCarnival Corporation (CCL) PT Raised to $15 at Deutsche Bank
June 23, 2023 9:50 AM EDTDeutsche Bank analyst Chris Woronka raised the price target on Carnival Corporation (NYSE: CCL) to $15.00 (from $10.00) while maintaining a Hold rating.... More
Carnival Corp. (CCL) June weekly 15.5 straddle priced into quarter results
June 23, 2023 5:07 AM EDTCarnival Corp. (NYSE: CCL) June weekly 15.5 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 26.
... More