Alert: New Earnings Report (12/21/23)-Carnival Corporation & Plc (NYSE: CCL).


For its fourth fiscal quarter (ending November 30), Carnival Corporation & Plc (NYSE: CCL) has reported E.P.S. of $-0.04 compared to $-1.27 a year ago. This result exceeded the consensus estimate of $-0.13 by $0.09. E.P.S. were $-0.06 for the latest four quarters through November 30 versus $-5.16 for the same period a year ago.

Recent Price Action

On 12/21/23, Carnival Corporation & Plc (NYSE: CCL) stock enjoyed a very large increase of 6.2%, closing at $19.19. Moreover, trading volume in this advance was exceptionally high at 209% of normal. The stock has risen 5.0% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

CCL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Carnival has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carnival has a poor Appreciation Score of 20 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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