Carnival's (CCL) fiscal 2026 adjusted earnings may top market expectations on lower-than-anticipated fuel costs, Truist said Friday in a note.
The cruise operator's full-year adjusted earnings guidance of $2.48 exceeds the consensus at $2.44, the note said.
The company's 2026 commentary "sounds slightly better" than prior updates, supported by what it called the highest booked occupancy for the coming year, Truist said.
Adjusted EPS guidance in Q1 around $0.17 trails the Wall Street estimate of $0.19, the note said.
Earlier Friday, Carnival reported fiscal Q4 earnings that topped estimates by analysts and reinstated its quarterly dividend.
The company's shares rose 11% in late trading.
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