Carnival Corporation (CCL) is gearing up to release its third-quarter earnings before the market opens on Monday, September 30th. Analysts are anticipating a strong performance from the Miami-based cruise line giant, with earnings projected to reach $1.16 per share, a significant increase from the 86 cents per share reported in the same period last year. Revenue is expected to hit $7.83 billion for the quarter, according to data from Benzinga Pro.
This optimistic outlook comes on the heels of Carnival’s recent expansion efforts. Last month, the company unveiled new itineraries for seven ships set to sail in 2026 and 2027 from various ports including Miami, Port Canaveral, Galveston, and Baltimore. These itineraries feature exciting destinations like Half Moon Cay, which will see upgrades including a larger beach, enhanced dining options, and a new pier specifically designed for Carnival’s Excel class ships, such as the Mardi Gras and Carnival Celebration.
The anticipation of strong earnings is reflected in Carnival’s share price, which saw a 3.6% increase to close at $18.68 on Thursday.
To better understand the market sentiment surrounding Carnival, let’s take a look at what some of the most accurate analysts have been saying about the company.
*
JP Morgan’s Matthew Boss
maintained an Overweight rating and raised the price target from $23 to $25 on July 24th. Boss, who has an accuracy rate of 67%, believes in Carnival’s potential for growth.*
Truist Securities analyst Patrick Scholes
maintained a Hold rating while boosting the price target from $17 to $20 on July 23rd. Scholes, with an accuracy rate of 68%, suggests a more cautious approach, although he sees potential for the stock to perform well.*
B of A Securities analyst Nicholas Thomas
kept a Buy rating and raised the price target from $23 to $24 on June 27th. Thomas, who has an accuracy rate of 67%, is bullish on the company’s prospects.*
Argus Research analyst John Eade
maintained a Buy rating and increased the price target from $20 to $25 on June 27th. Eade’s accuracy rate sits at 74%, highlighting his strong track record.*
Citigroup analyst James Hardiman
also maintained a Buy rating and raised the price target from $18 to $22 on June 26th. Hardiman, with an accuracy rate of 67%, sees significant value in Carnival stock.These analyst opinions offer a range of perspectives on Carnival’s future. Whether you’re considering investing in CCL stock, it’s crucial to analyze these diverse views and form your own assessment based on your investment strategy and risk tolerance.
