
Cruise ship company Carnival (NYSE: CCL) will be reporting earnings this Tuesday morning. Here’s what investors should know.
Carnival met analysts’ revenue expectations last quarter, reporting revenues of $6.17 billion, up 6.1% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ adjusted operating income estimates but full-year EBITDA guidance missing analysts’ expectations. It reported 24.4 million passenger cruise days, flat year on year.
Is Carnival a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Carnival’s revenue to grow 5.7% year on year, slowing from the 9.5% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Carnival has missed Wall Street’s revenue estimates multiple times over the last two years.
With Carnival being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for consumer discretionary stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.5% on average over the last month. Carnival is up 15.7% during the same time .
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