CCL Stock Recent News

Carnival Corp (NYSE:CCL) has reported record-breaking results for the third quarter, with net income of $1.7 billion representing a 60% increase compared to the same period in 2023.  Company revenue also hit an all-time high of $7.90 billion, proving that the global appetite for charter cruises has well and truly rebounded from the pandemic era.

Carnival's stock took a hit Monday, after the cruise operator reported record fiscal third-quarter revenue that beat expectations, but provided a downbeat outlook for net yields in the current quarter.

Carnival will report results for its seasonally potent fiscal third quarter on Monday morning. A pair of analysts raised their price targets last week, anticipating a strong financial update.

CCL's fiscal third-quarter performance is likely to have benefited from robust booking trends, fleet optimization, and strategic expansions.

Four S&P 500 laggards of this year have double-digit upside left for the rest of 2024. These are: CCL, PFE, ZTS, TDY.

Carnival Corporation CCL will release earnings results for its third quarter, before the opening bell on Monday, Sept. 30.

Stifel Financial sees more upside for Carnival heading into 2025. The cruise leader is coming off a record quarter across all key metrics.

CCL benefits from strong booking momentum for 2024 and 2025, with record volumes and higher pricing driven by favorable demand trends.

The mean of analysts' price targets for Carnival (CCL) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.