Carnival Earnings Preview
Portfolio Pulse from Benzinga Insights
Carnival Corporation (NYSE:CCL) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $-0.18. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings performances, with the last quarter's beat leading to a 1.35% drop in share price. Over the last year, CCL shares have increased by 74.79%, indicating a generally positive outlook among long-term shareholders.
March 26, 2024 | 2:00 pm
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NEUTRAL IMPACT
Carnival Corporation is expected to announce its quarterly earnings with an anticipated EPS of $-0.18. Historical performance and a significant yearly share increase suggest a positive long-term outlook.
Given the mixed historical stock price reactions to earnings announcements, it's challenging to predict the short-term impact of the upcoming earnings report. However, the anticipation of beating the EPS estimate and providing positive guidance could foster optimism among investors. The significant yearly increase in share price reflects a positive long-term sentiment, which might mitigate any negative short-term reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100