Carnival Corporation (CCL) PT Lowered to $36 at Barclays

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Carnival earnings preview: Fuel surge will hit FY26 profits says analyst

March 26, 2026 7:30 PM EDT

Barclays expects Carnival Corp. (NYSE: CCL) to deliver a steady first-quarter performance but warns that a sharp rise in marine fuel prices will weigh heavily on full-year profitability.

Analyst Brandt Montour wrote in a preview note that he anticipates solid 1Q results and FY26 yield guidance stability despite the macro, while cautioning that the fuel outlook will damage FY26 profitability... More