Carnival (CCL) Projected to Announce Earnings on Tuesday

Key Points

• Carnival is expected to report Q3 2026 results before Tuesday’s market open, with analysts forecasting earnings of $1.36 per share and revenue of approximately $8.40 billion. The earnings call is scheduled for September 29 at 10:00 a.m. ET.
• In its previous quarter, Carnival earned $0.41 per share, exceeding consensus estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. Analysts expect full-year earnings of $2 per share and next-year earnings of $3 per share.
• The stock has a consensus “Moderate Buy” rating and an average price target of $34.42, though recent analyst actions have been mixed. Carnival also pays a quarterly dividend of $0.15, equivalent to a 2.7% yield.

Carnival (NYSE:CCL - Get Free Report) will likely be posting its Q3 2026 results before the market opens on Tuesday, September 29th. Analysts expect Carnival to announce earnings of $1.36 per share and revenue of $8.3977 billion for the quarter. Individuals may visit the the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Tuesday, September 29, 2026 at 10:00 AM ET.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. On average, analysts expect Carnival to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carnival Trading Up 2.3%

NYSE:CCL opened at $22.35 on Tuesday. The company has a market cap of $30.61 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.95 and a beta of 2.31. The stock's fifty day moving average price is $25.73 and its two-hundred day moving average price is $26.49. Carnival has a 1 year low of $21.81 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $0.15 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.7%. Carnival's dividend payout ratio (DPR) is currently 27.03%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CCL shares. Sanford C. Bernstein cut shares of Carnival from a "market perform" rating to a "market perform" rating in a report on Tuesday, June 23rd. TD Cowen upgraded Carnival to a "strong-buy" rating in a research note on Tuesday, September 8th. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Carnival from $34.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, September 15th. Finally, Weiss Ratings lowered shares of Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.42.

Carnival Company Profile

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company's brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.

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