Zacks Research Estimates Carnival's Q3 Earnings (NYSE:CCL)

Carnival Corporation (NYSE:CCL - Free Report) - Investment analysts at Zacks Research upped their Q3 2025 earnings per share estimates for shares of Carnival in a research note issued to 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 estimate 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.

Other equities analysts have also recently issued research reports about the stock. Truist Financial set a $27.00 price target on shares of Carnival in a research report on Monday, June 23rd. Loop Capital reaffirmed a "hold" rating and set a $22.00 price target on shares of Carnival in a research report on Monday, June 23rd. Susquehanna increased their price target on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Morgan Stanley increased their price target on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Finally, Citigroup increased their price target on shares of Carnival from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Carnival currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.65.

Carnival Stock Down 1.5%

Shares of CCL stock traded down $0.43 during trading hours on Wednesday, hitting $28.67. 14,572,616 shares of the company were exchanged, compared to its average volume of 25,241,236. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. Carnival has a one year low of $13.78 and a one year high of $30.46. The business's 50-day simple moving average is $24.36 and its two-hundred day simple moving average is $23.07. The stock has a market capitalization 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.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion during 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%. The business's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share.

Institutional Investors Weigh In On Carnival

Several large investors have recently made changes to their positions in CCL. Causeway Capital Management LLC acquired a new stake in shares of Carnival in the first quarter valued at approximately $518,816,000. Nuveen LLC acquired a new stake in shares of Carnival in the first quarter valued at approximately $432,718,000. FMR LLC increased its stake in shares of Carnival by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Carnival by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Carnival by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 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.