Cruise ship company Carnival (NYSE: CCL) will be announcing earnings results this Friday before the bell. Here’s what you need to know.
Carnival missed analysts’ revenue expectations last quarter, reporting revenues of $6.33 billion, up 6.6% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates. It reported 24.6 million passenger cruise days, flat year on year.
Is Carnival a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Carnival’s revenue to grow 5.6% year on year, slowing from the 7.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Carnival has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Carnival’s peers in the consumer discretionary segment, only Scholastic has reported results so far. It missed analysts’ revenue estimates, posting year-on-year sales declines of 1.9%. The stock traded up 8.8% on the results.
Read our full analysis of Scholastic’s earnings results here.The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. Carnival is down 18.7% during the same time and is heading into earnings with an average analyst price target of $36.48 (compared to the current share price of $25.71).
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