Carnival Corporation’s (CCL) first-quarter earnings report is expected on March 21. The company’s stock has surged 24.9% over the past year, driven by strong consumer demand and effective pricing strategies.
Analysts predict a significant beat in earnings per share, with $40.02 expected compared to a loss of $0.14 last quarter. Revenues are also anticipated to grow by 6.3%, reaching $5.75 billion.
However, some analysts have expressed caution due to concerns over consumer trends and cruise demand. Stifel Nicolaus lowered its price target to $30 but maintains a Buy rating, while William Blair’s Sharon Zackfia reaffirmed a Buy rating citing strong demand and a solid financial outlook.
Options traders are anticipating a large move in the stock after the earnings report, expecting an 8.03% swing in either direction. The average CCL price target suggests 39.67% upside potential from current levels.
Source: https://www.tipranks.com/news/carnival-ccl-is-about-to-report-its-earnings-tomorrow-here-is-what-to-expect