CARNIVAL CORPORATION & PLC REPORTS RECORD SECOND QUARTER REVENUES, OPERATING INCOME AND BOOKING LEVELS, OUTPERFORMS SECOND QUARTER GUIDANCE AND RAISES FULL YEAR 2024 GUIDANCE

Carnival Corporation (CCL) PT Raised to $25 at Macquarie

June 26, 2024 2:56 PM EDT

Macquarie analyst Paul Golding raised the price target on Carnival Corporation (NYSE: CCL) to $25.00 (from $24.00) while maintaining a Outperform rating.

The analyst comments "CCL delivered another solid Q of headline beats to guidance and cons. Demand remaining strong led mgmt. to lift FY... More

Carnival Corporation (CCL) PT Raised to $22 at Citi, 'CCL - Pricing Power Persists in ‘post post-COVID’ Cruise Era'

June 26, 2024 5:37 AM EDT

Citi analyst James Hardiman raised the price target on Carnival Corporation (NYSE: CCL) to $22.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "While cruise companies have consistently pointed to strong (and if anything, accelerating) demand for some time, there have been enough... More

Wolfe Research Reiterates Outperform Rating on Carnival Corporation (CCL)

June 25, 2024 1:06 PM EDT

Wolfe Research analyst Greg Badishkanian reiterated an Outperform rating and $19.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "We are Outperform rated on Carnival. Following unprecedented COVID-era headwinds, the cruise industry has posted consistent growth in bookings / pricing as government-mandated testing and... More

Truist Securities Reiterates Hold Rating on Carnival Corporation (CCL)

June 25, 2024 12:24 PM EDT

Truist Securities analyst C. Patrick Scholes reiterated a Hold rating and $17.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "All-around, while not a blow-out beat & raise like we have seen from RCL (Buy) this year, it was still a legitimate beat & raise. 2Q Adj. EPS was above guidance by $0.14 and... More

Carnival Corporation (CCL) PT Raised to $23 at JPMorgan

June 25, 2024 12:16 PM EDT

JPMorgan analyst Matt Boss raised the price target on Carnival Corporation (NYSE: CCL) to $23.00 (from $21.00) while maintaining a Overweight rating.

The analyst comments "CCL reported 2Q24 adj. EPS of $0.11 (or 14 cents above mgmts guide for a loss of $0.03) with upside across... More

Melius on Carnival Corporation (CCL): 'It’s all clicking and managing is becoming easier'

June 25, 2024 12:12 PM EDT

Melius analyst Conor Cunningham reiterated a Buy rating and $20.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "Its all clicking and managing is becoming easier. Over the past couple years, Carnival has needed to build back the booking curve from... More

Citi on Carnival Corporation (CCL): 'Nice Beat/Bigger Raise on Pricing Strength/Expense Timing'

June 25, 2024 10:56 AM EDT

Citi analyst James Hardiman reiterated a Buy rating and $18.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "Tuesday morning, Carnival reported 2Q Adjusted EBITDA of $1.2B. This was well ahead of the consensus estimate of $1.06B, our estimate of $1.05B, and the guidance... More

Morgan Stanley Reiterates Underweight Rating on Carnival Corporation (CCL)

June 25, 2024 10:02 AM EDT

Morgan Stanley analyst Jamie Rollo reiterated an Underweight rating and $13.50 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "Current trading: The company says its cumulative booked position for the remainder of 2024 continues to be the best on record, with occupancy still nicely... More

Jefferies on Carnival Corporation (CCL): 'Solid Upside & Outlook Demonstrates Progress to New Normal'

June 25, 2024 9:54 AM EDT

Jefferies analyst David Katz reiterated a Buy rating and $25.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "The solid top-line and bottom-line beat, coupled with the incremental upward guidance revision should be positive for the shares, with expectations for continued progress... More

Carnival Corp. (CCL) tops earnings, revenue expectations on strong bookings momentum

June 25, 2024 9:33 AM EDT

Carnival Corp. (NYSE: CCL) announced an improvement in its second-quarter financial results, with net income increasing by nearly $500 million compared to the same period in 2023.

The company reported adjusted earnings per share (EPS) of $0.11, surpassing the analyst consensus of -$0.02, and a record revenue of $5.78 billion for the quarter, exceeding expectations by $100 million and marking a substantial YoY increase.

The earnings and revenue beat drove Carnival's shares up by 4%. The company also... More

Carnival Corp. (CCL) Tops Q2 EPS by 13c, Offers Outlook

June 25, 2024 9:16 AM EDT

Carnival Corp. (NYSE: CCL) reported Q2 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $5.78 billion versus the consensus estimate of $5.68 billion.

2024 Outlook

For the full year 2024, the company expects:

Net yields (in constant currency) up approximately 10.25... More