Will Carnival Stock Move On Its Upcoming Earnings?

Group 1 - Carnival Corporation is expected to announce Q2 earnings on June 24, with an anticipated earnings per share of $0.24, up from $0.11 in the same quarter last year [2] - The consensus revenue estimate for the quarter is $6.2 billion, reflecting a growth of approximately 7.3% compared to the previous year, driven by robust demand for leisure cruising post-Covid-19 [2] - The company's revenue growth is supported by increased capacity, heightened onboard revenues, and recent price hikes, alongside a focus on fleet optimization leading to strong operational performance [2] Group 2 - Carnival's current market capitalization is $31 billion, with revenue over the last twelve months reported at $25 billion, and operational profits of $3.8 billion, resulting in a net income of $2.1 billion [3] - Historical data indicates that Carnival has had 19 earnings data points over the past five years, with positive one-day returns occurring approximately 53% of the time, although this percentage drops to 50% when considering the last three years [5] - The median of the positive one-day returns is 5.4%, while the median of the negative returns is -2.5% [5]