Equities Analysts Offer Predictions for Carnival Q3 Earnings

Carnival Corporation (NYSE:CCL - Free Report) - Analysts at Zacks Research increased their Q3 2025 earnings estimates for shares of Carnival in a research report issued to clients and investors on Monday, July 7th. Zacks Research analyst M. Kaushik now anticipates that the company will earn $1.29 per share for the quarter, up from their previous forecast of $1.28. The consensus estimate for Carnival's current full-year earnings is $1.77 per share. Zacks Research also issued estimates for Carnival's FY2025 earnings at $1.93 EPS, Q3 2026 earnings at $1.13 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.92 EPS, Q1 2027 earnings at $0.35 EPS and FY2027 earnings at $2.47 EPS.

A number of other research analysts have also weighed in on CCL. Macquarie decreased their price objective on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Barclays raised their price objective on Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Bank of America raised their target price on shares of Carnival from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Susquehanna raised their target price on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus raised their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.65.

Carnival Price Performance

CCL stock traded up $0.28 during midday trading on Wednesday, reaching $29.11. The stock had a trading volume of 22,867,540 shares, compared to its average volume of 25,305,429. The company's fifty day simple moving average is $24.18 and its 200 day simple moving average is $23.05. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The company has a market cap of $33.98 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.64 and a beta of 2.61. Carnival has a 52-week low of $13.78 and a 52-week high of $30.46.

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

Institutional Trading of Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Carnival by 2.1% during the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares during the period. Causeway Capital Management LLC purchased a new stake in shares of Carnival during the first quarter worth $518,816,000. Geode Capital Management LLC increased its position in shares of Carnival by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after acquiring an additional 1,201,256 shares during the period. Nuveen Asset Management LLC increased its position in shares of Carnival by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Carnival during the first quarter worth $432,718,000. Hedge funds and other institutional investors 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.