Streetbeat News

CCL

Carnival Corporation & plc

https://www.carnivalcorp.com

Industry

Leisure

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

Open

23.83

Mkt cap

30B

Volume

25M

High

24.19

P/E Ratio

20.24

52-wk high

24.34

Low

23.68

Div yield

N/A

52-wk low

12.23

Carnival (NYSE:CCL) reported Q2 2024 earnings per share of $0.11, significantly beating the analyst consensus estimate of $(0.02). The company also reported quarterly sales of $5.781 billion, surpassing the estimate of $5.675 billion. This represents a 17.72% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:16 pm

U.S. stocks are set for a mixed session with tech stocks, particularly Nvidia, poised for a rebound. Nvidia is up over 2% in premarket trading. The market is also focused on upcoming speeches by Federal Reserve officials and a consumer confidence reading. The first presidential debate on Thursday could significantly impact market sentiment.

Portfolio Pulse from Shanthi Rexaline

June 25, 2024 | 11:34 am

The Nasdaq Composite experienced its worst session since April, with Nvidia plunging 7%. The Dow Jones saw modest gains, closing over 260 points higher. Alimera Sciences surged 76% after announcing an acquisition by ANI Pharmaceuticals. Investors are awaiting earnings results from Carnival Corporation, FedEx, and TD SYNNEX.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 6:45 am

Key stocks to watch on Tuesday include Carnival Corporation, Boeing, Spirit AeroSystems, TD SYNNEX, SolarEdge Technologies, and FedEx. Carnival and FedEx are expected to report earnings, Boeing proposed to acquire Spirit AeroSystems, TD SYNNEX will release earnings, and SolarEdge announced a $300 million convertible notes offering.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 6:33 am

On Monday, major U.S. indices showed mixed performance. Nvidia's stock fell by 6.68% due to a heavy sell-off and CEO share sale. Affirm Holdings rose by 12.82% after a Goldman Sachs analyst's Buy rating. Carnival Corporation rose by 1.99% ahead of its earnings report. Alnylam Pharmaceuticals surged by 34.52% on positive Phase 3 study results. Tesla fell slightly by 0.23% amid criticism of judicial activism in a case involving Elon Musk's pay package.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 2:18 am

Carnival Corp (NYSE:CCL) is set to report Q2 earnings with Wall Street expecting -20 cents in EPS and $5.7 billion in revenues. The stock is in a strong bullish trend, trading above key moving averages and showing positive technical indicators. Analysts have a Buy rating with a price target of up to $21, indicating a potential 25% upside.

Portfolio Pulse from Surbhi Jain

June 24, 2024 | 7:12 pm

Carnival Corporation (NYSE:CCL) is set to release its Q2 earnings before the opening bell on Tuesday. Analysts expect a quarterly loss of 2 cents per share, an improvement from last year's 31 cents per share loss, and project revenue of $5.68 billion. Recent analyst ratings include a mix of Hold, Overweight, and Buy, with price targets ranging from $17 to $25.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 11:45 am

The Nasdaq reached a record high, but consumer sentiment fell below expectations. Cruise stocks, including Carnival Corporation (CCL), Carnival plc (CUK), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Group (RCL), declined after Bank of America highlighted softer June pricing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:06 pm

Carnival Corporation (NYSE: CCL) shares are trading lower after BofA Securities reported softer cruise pricing in June. The Western Caribbean region showed the weakest performance, while Alaska cruises saw a 5% price increase. Carnival has resumed normal operations at the Port of Baltimore and is set to report its Q2 financial results on June 25. Analysts expect a loss of 2 cents per share, but Carnival has beaten estimates in the last four quarters. Other cruise stocks like Royal Caribbean Cruises, Norwegian Cruise Line Holdings, and Viking Holdings also saw declines.

Portfolio Pulse from Erica Kollmann

June 14, 2024 | 5:29 pm

Shares of cruise stocks are trading lower after B of A Securities reported 'modestly' softer pricing in June, based on cruise prices.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:41 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.