FY2026 EPS Estimates for Carnival Reduced by William Blair

Key Points

• William Blair has reduced its FY2026 earnings per share (EPS) estimate for Carnival to $2.33, down from $2.38, while the current consensus estimate stands at $1.77 per share.
• Carnival reported quarterly earnings of $1.43 per share, surpassing the consensus estimate of $1.32, with revenues of $8.15 billion, which is a 3.3% increase from the same quarter last year.
• The company has a current market capitalization of $33.15 billion and is rated as a "Moderate Buy" by analysts, with an average price target of $32.90.

Carnival Corporation (NYSE:CCL - Free Report) - Investment analysts at William Blair dropped their FY2026 EPS estimates for Carnival in a research note issued to investors on Monday, September 29th. William Blair analyst S. Zackfia now expects that the company will post earnings of $2.33 per share for the year, down from their previous estimate of $2.38. The consensus estimate for Carnival's current full-year earnings is $1.77 per share.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS.

CCL has been the subject of several other research reports. Loop Capital reaffirmed a "hold" rating and issued a $22.00 price objective on shares of Carnival in a report on Monday, June 23rd. Stifel Nicolaus upped their price objective on shares of Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. UBS Group set a $35.00 price objective on shares of Carnival and gave the stock a "buy" rating in a report on Wednesday. Barclays upped their price objective on shares of Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, September 17th. Finally, Tigress Financial upped their price objective on shares of Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average price target of $32.90.

Carnival Stock Performance

CCL stock opened at $28.40 on Thursday. The company has a market capitalization of $33.15 billion, a P/E ratio of 14.79, a PEG ratio of 0.60 and a beta of 2.69. The company has a 50-day simple moving average of $30.46 and a 200 day simple moving average of $25.37. Carnival has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.60% of the company's stock.

Institutional Trading of Carnival

Institutional investors and hedge funds have recently bought and sold shares of the stock. Evolution Wealth Management Inc. acquired a new stake in Carnival during the 2nd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Carnival during the 2nd quarter worth about $28,000. N.E.W. Advisory Services LLC acquired a new stake in Carnival during the 1st quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in Carnival during the 1st quarter worth about $26,000. Finally, Whipplewood Advisors LLC raised its holdings in Carnival by 301.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company's stock worth $44,000 after buying an additional 1,171 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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