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CCL Earnings: Carnival Gains on Better-than-Expected Q4 Earnings
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CCL Earnings: Carnival Gains on Better-than-Expected Q4 Earnings

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CCL reported better-than-expected earnings in the fourth quarter.

Shares of Carnival Corp. (CCL) gained in trading after the company reported better-than-expected earnings in the Fiscal fourth quarter. The cruise operator swung to a profit in the Fiscal fourth quarter with adjusted earnings of $0.14 per share, compared to a loss of $0.07 per share in the same quarter last year. This result was double the consensus estimate of $0.07 per share.

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Furthermore, the company’s revenues increased by 10% year-over-year to $5.9 billion in the fourth quarter. This fell slightly short of Street estimates of $5.94 billion. In addition, CCL’s fourth-quarter bookings for 2025 surpassed last year, despite lower inventory. Moreover, record-breaking bookings for 2026 further highlight sustained demand for future sailings.

CCL Management Comments on the Results

CCL’s CEO, Josh Weinstein, commented, “Revenues hit an all-time high, driven by a strong demand environment that we elevated throughout the year, enabling us to outperform our initial 2024 guidance by $700 million and deliver nearly $2 billion more to the bottom line, year over year.”

CCL Issues Q1 and FY25 Outlook

Looking ahead, the company expects to break even on an adjusted basis in the first quarter, while in FY25, it has forecasted adjusted earnings of $1.70 per share. For reference, analysts were expecting the company to report a loss of $0.02 per share in Q1 and earnings of $1.73 per share in FY25, respectively. Additionally, in FY25, adjusted cruise costs (excluding fuel) are likely to increase by 3.7% year-over-year on a constant currency basis “due to higher dry-dock days, higher advertising expenses, and operating costs for the company’s new exclusive destination, Celebration Key.”

Is CCL a Good Stock to Buy?

Analysts remain bullish about CCL stock, with a Strong Buy consensus rating based on 16 Buys, three Holds, and one Sell. Over the past year, CCL has increased by more than 35%, and the average CCL price target of $28.11 implies an upside potential of 11.6% from current levels. These analyst ratings are likely to change following CCL’s results today.

See more CCL analyst ratings

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