Carnival's 2026 Outlook Tops Estimates on Lower Fuel Costs, Truist Says

MT Newswires Live04:49

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.

Price: 31.39, Change: +3.05, Percent Change: +10.74

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment