Carnival Corp Raises Its Full Year 2024 Adjusted EBITDA Guidance To ~$6B; Sees Q4 Adj Eps $0.05 Vs $0.07 Est.; Says Strong Demand Enabled Us To Increase Our Full Year Yield Guidance For Third Time This Year; Improved Our FY Cost Guidance Driving More Revenue To Bottom Line; Sees FY24 Adj EPS $1.33 Vs $1.21 Est.; Says Well Positioned With Even Stronger Base Of Business For 2025, Record Start To 2026 And Firmly On Path Toward Our Sea Change Targets, Looking Forward, Enhanced Commercial Execution Drives Demand
Portfolio Pulse from Benzinga Newsdesk
Carnival Corp has raised its full-year 2024 adjusted EBITDA guidance to approximately $6 billion and sees Q4 adjusted EPS at $0.05, below the $0.07 estimate. The company attributes this to strong demand, allowing for increased yield guidance and improved cost guidance. Carnival also projects FY24 adjusted EPS at $1.33, surpassing the $1.21 estimate, and is optimistic about its business prospects for 2025 and 2026.
September 30, 2024 | 1:20 pm
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Carnival Corp has increased its full-year 2024 adjusted EBITDA guidance to ~$6B and expects FY24 adjusted EPS of $1.33, above the $1.21 estimate. Strong demand and improved cost guidance are key drivers.
Carnival Corp's increase in EBITDA and EPS guidance indicates strong financial performance and demand, likely boosting investor confidence and positively impacting the stock price in the short term.
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