Carnival Corporation (CCL), the world’s largest cruise company, is scheduled to release its fiscal third-quarter results on Tuesday, September 29. The company’s shares are currently near 52-week lows as it faces challenges such as increased fuel costs and geopolitical disruptions impacting travel demand. Analysts expect Carnival to report earnings per share (EPS) of $1.36, a decline of approximately 5% year-over-year, with projected revenue rising over 2% to $8.36 billion.
Over the past 15 quarters, Carnival has exceeded earnings expectations, with an average EPS surprise of 18.15% in its last four reports. While the stock trades at about $22, equating to 10 times forward earnings, it remains at a discount compared to competitors like Royal Caribbean, which is expected to post stronger earnings growth. Investors are particularly focused on Carnival’s ability to maintain demand and pricing amid rising costs, as the economic landscape continues to shift.
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