Carnival Co. & (NYSE:CCL – Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.150-1.150 for the period, compared to the consensus EPS estimate of 1.100. The company issued revenue guidance of -. Carnival Co. & also updated its FY 2024 guidance to 1.180-1.180 EPS.
Analyst Ratings Changes
Several brokerages have recently issued reports on CCL. Truist Financial reduced their price objective on Carnival Co. & from $18.00 to $17.00 and set a hold rating for the company in a research report on Wednesday, May 29th. Argus reduced their price objective on Carnival Co. & from $23.00 to $20.00 and set a buy rating for the company in a research report on Monday, April 1st. Wells Fargo & Company boosted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, May 17th. Susquehanna reduced their price objective on Carnival Co. & from $23.00 to $22.00 and set a positive rating for the company in a research report on Monday, March 25th. Finally, Tigress Financial boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & has a consensus rating of Moderate Buy and an average price target of $21.61.
Carnival Co. & Price Performance
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned ($0.55) EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, equities analysts anticipate that Carnival Co. & will post 1.01 EPS for the current fiscal year.
Carnival Co. & Company Profile
Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.
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