What is Zacks Research's Estimate for Carnival Q1 Earnings?

Carnival Corporation (NYSE:CCL - Free Report) - Stock analysts at Zacks Research lifted their Q1 2026 earnings estimates for Carnival in a research report issued on Monday, July 7th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their prior estimate of $0.15. The consensus estimate for Carnival's current full-year earnings is $1.77 per share. Zacks Research also issued estimates for Carnival's Q2 2026 earnings at $0.34 EPS and Q2 2027 earnings at $0.38 EPS.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Carnival's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS.

A number of other research firms also recently commented on CCL. HSBC upgraded Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective on the stock in a report on Friday, May 16th. Citigroup raised their price target on shares of Carnival from $28.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Stifel Nicolaus raised their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Bank of America raised their price objective on Carnival from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Truist Financial set a $27.00 price objective on Carnival in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average price target of $28.65.

Carnival Stock Down 1.5%

Shares of CCL traded down $0.43 during midday trading on Thursday, reaching $28.67. 14,572,616 shares of the stock were exchanged, compared to its average volume of 25,252,227. The company has a market cap of $33.47 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.64 and a beta of 2.61. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival has a 12-month low of $13.78 and a 12-month high of $30.46. The firm has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $23.07.

Institutional Trading of Carnival

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Carnival in the 4th quarter valued at $59,486,000. Beck Bode LLC bought a new position in Carnival in the 4th quarter valued at $5,715,000. Itau Unibanco Holding S.A. bought a new position in Carnival in the 4th quarter valued at $5,113,000. Korea Investment CORP raised its position in Carnival by 36.7% in the 4th quarter. Korea Investment CORP now owns 1,090,909 shares of the company's stock valued at $27,185,000 after purchasing an additional 293,154 shares during the last quarter. Finally, Allstate Corp bought a new position in Carnival in the 4th quarter valued at $767,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Company Profile

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.