What's Going On With Carnival Stock?
Portfolio Pulse from Erica Kollmann
Carnival Corp. (NYSE:CCL) shares have risen over 10% in the past five days, driven by strong demand and pricing power as noted by JPMorgan analyst Matthew R. Boss. The company is expected to benefit from increased demand in Europe and Alaska, with upcoming Q3 earnings anticipated to show $1.15 EPS and $7.816 billion in revenue.
September 18, 2024 | 3:41 pm
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Carnival Corp. shares have increased over 10% in the past five days, supported by strong demand and pricing power. Analyst Matthew R. Boss from JPMorgan highlights a positive outlook for cruise stocks into 2025. Carnival's Q3 earnings are expected to show strong results with $1.15 EPS and $7.816 billion in revenue.
The stock's recent rise is attributed to strong demand and pricing power, as noted by a JPMorgan analyst. The upcoming Q3 earnings report is expected to show strong financial performance, further supporting the stock's positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100