Carnival Sees FY24 Adj. EBITDA ~$5.63B, Sees Q2 Adj. EBITDA ~$1.05B
Portfolio Pulse from Benzinga Newsdesk
Carnival Corporation forecasts its FY24 adjusted EBITDA to be approximately $5.63 billion and expects its Q2 adjusted EBITDA to be around $1.05 billion.
March 27, 2024 | 1:19 pm
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POSITIVE IMPACT
Carnival Corporation forecasts a significant increase in its FY24 adjusted EBITDA to approximately $5.63 billion, with Q2 adjusted EBITDA expected to be around $1.05 billion.
The positive forecast for both FY24 and Q2 adjusted EBITDA suggests a strong financial performance and operational efficiency, likely leading to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Carnival Corporation forecasts a significant increase in its FY24 adjusted EBITDA to approximately $5.63 billion, with Q2 adjusted EBITDA expected to be around $1.05 billion.
Given the shared operational and financial outcomes between CCL and CUK, the positive EBITDA forecast for FY24 and Q2 is likely to boost investor sentiment for CUK as well, potentially leading to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100