Carnival (CCL)

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Time to Board Carnival Cruise Lines' Stock Price Rally
MarketBeat· 2024-12-23 13:45
Carnival Co. & TodayCCLCarnival Co. &$26.80 +1.62 (+6.43%) 52-Week Range$13.78▼$27.17P/E Ratio23.93Price Target$26.62Add to WatchlistCarnival Cruise Lines' NYSE: CCL share price is up about 50% for 2024 and rallying in the second half because the business is strong. Details from fiscal 2025 include sustained growth following industry normalization, record results, and improving guidance. Results include healthy cash flow, balance sheet improvements, and an outlook for investment-grade debt quality to be re ...
Carnival: Smooth Sailing Ahead
Seeking Alpha· 2024-12-21 09:14
Providing alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, analyze and invest in any sector so long there is perceived alpha potential vs the S&P500. The typical holding period ranges between a few quarters to multiple years ...
Carnival (CCL) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2024-12-20 23:21
Carnival (CCL) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this cruise operator would post earnings of $1.17 per share when it actually produced earnings of $1.27, delivering a surprise of 8.55%.Over the last four quarters, the company has surp ...
Carnival Q4 Earnings & Revenues Top Estimates, Increase Y/Y
ZACKS· 2024-12-20 19:16
Carnival Corporation & plc (CCL) reported impressive fourth-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom lines increased on a year-over-year basis. The upside was primarily backed by sustained demand strength and increased booking volumes.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Carnival continues to enhance shareholder value through improved operational efficiency across its fleet. The company has reache ...
Carnival (CCL) - 2024 Q4 - Earnings Call Transcript
2024-12-20 19:11
Carnival Corporation & plc (NYSE:CCL) Q4 2024 Earnings Conference Call December 20, 2024 10:00 AM ET Company Participants Beth Roberts - SVP, IR Josh Weinstein - CEO David Bernstein - CFO Conference Call Participants Matthew Boss - JPMorgan Ben Chaiken - Mizuho Securities Steve Wieczynski - Stifel Robin Farley - UBS James Hardiman - Citi Patrick Scholes - Truist David Katz - Jefferies Jaime Katz - Morningstar Brandt Montour - Barclays Operator Greetings, and welcome to the Carnival Corporation & plc Fourth ...
Carnival (CCL) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2024-12-20 17:01
Core Insights - Carnival reported revenue of $5.94 billion for the quarter ended November 2024, marking a year-over-year increase of 10% and exceeding the Zacks Consensus Estimate by 0.05% [1] - The company achieved an EPS of $0.14, a significant improvement from -$0.07 a year ago, resulting in an EPS surprise of 75% compared to the consensus estimate of $0.08 [1] Financial Metrics - Available lower berth days (ALBDs) were reported at 23.9 million, slightly below the average estimate of 23.94 million [3] - The occupancy percentage reached 103%, surpassing the estimated 102.7% [3] - Passenger cruise days (PCDs) totaled 24.6 million, slightly above the average estimate of 24.59 million [3] - Fuel cost per metric ton consumed was $618, higher than the average estimate of $590.42 [3] - Net yields per ALBD were reported at $190.53, marginally above the average estimate of $190.52 [3] - Fuel consumption was 700 Kmt, closely aligning with the estimated 699.83 Kmt [3] - Revenue from passenger tickets was $3.85 billion, slightly below the average estimate of $3.87 billion, reflecting a year-over-year increase of 9.8% [3] - Onboard and other revenues reached $2.08 billion, exceeding the average estimate of $2.06 billion, with a year-over-year change of 10.5% [3] - Revenues from tours and other activities were $33 million, below the average estimate of $33.39 million, indicating a year-over-year decline of 34% [3] Stock Performance - Over the past month, Carnival's shares have returned -0.7%, matching the Zacks S&P 500 composite's -0.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]
Carnival Stock Is Cruising Into 2025
The Motley Fool· 2024-12-20 16:55
The leading cruise line posts record financial results, and the near-term outlook is even brighter.The last earnings report out of the cruise line industry for the 2024 calendar year shows that folks still can't get enough of watery escapes. Carnival (CCL 5.18%) (CUK 5.39%) posted its fiscal fourth-quarter results on Friday morning, and it once again exceeded expectations.Carnival shares have more than tripled since the start of 2023. A strong report for the seasonally sleepy fall season is encouraging, an ...
Carnival (CCL) - 2024 Q4 - Annual Results
2024-12-20 14:17
MIAMI (December 20, 2024) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the fourth quarter and full year 2024 and provided an outlook for the first quarter and full year 2025. "We are delivering long-term value for our shareholders through improved operational execution across our brands, essentially on a same ship basis. We ended 2024 with adjusted ROIC of 11 percent, comfortably above our cost of capital. In fact, with one year down, we're already over 80 percent ...
CARNIVAL CORPORATION & PLC OUTPERFORMS FOURTH QUARTER GUIDANCE, REPORTS RECORD FULL YEAR OPERATING RESULTS AND EXPECTS 20 PERCENT EARNINGS GROWTH IN 2025
Prnewswire· 2024-12-20 14:15
Expects to hit 2026 SEA Change EBITDA target one year early MIAMI, Dec. 20, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the fourth quarter and full year 2024 and provided an outlook for the first quarter and full year 2025. Key Highlights Full year revenues hit an all-time high of $25 billion, over 15 percent higher than the prior year, with continued strength in demand. Full year net income of $1.9 billion; adjusted net income1 of $1.9 billio ...
Carnival Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-12-20 06:33
Carnival Corporation CCL will release its fourth-quarter financial results, before the opening bell, on Friday, Dec. 20.Analysts expect the Miami, Florida-based company to report quarterly earnings at 7 cents per share, versus a year-ago loss of 7 cents per share. Carnival projects quarterly revenue of $5.93 billion, compared to $5.4 billion a year earlier, according to data from Benzinga Pro.On Sept. 30, Carnival posted third-quarter adjusted earnings of $1.27 per share, beating analysts’ estimates of $1.1 ...