Top Wall Street Forecasters Revamp Carnival Price Expectations Ahead Of Q1 Earnings

Carnival Corporation CCL will release its first-quarter financial results, before the opening bell, on Friday, March 21.

Analysts expect the Miami, Florida-based company to report quarterly earnings at 2 cents per share, versus a year-ago loss of 14 cents per share. Carnival projects quarterly revenue of $5.74 billion, compared to $5.41 billion a year earlier, according to data from Benzinga Pro.

On Feb. 28, Carnival announced the closing of $1.0 billion 5.750% senior unsecured notes offering for refinancing and interest expense reduction.

Carnival shares rose 0.7% to close at $21.20 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Steven Wieczynski maintained a Buy rating and cut the price target from $34 to $30 on March 14, 2025. This analyst has an accuracy rate of 65%.
• Loop Capital analyst Laura Champine initiated coverage on the stock with a Hold rating and a price target of $25 on Feb. 4, 2025. This analyst has an accuracy rate of 64%.
• Truist Securities analyst Patrick Scholes maintained a Hold rating and boosted the price target from $29 to $30 on Jan. 24, 2025. This analyst has an accuracy rate of 66%.
• Barclays analyst Brandt Montour maintained an Overweight rating and increased the price target from $31 to $32 on Dec. 23, 2024. This analyst has an accuracy rate of 62%.
• Citigroup analyst James Hardiman maintained a Buy rating and boosted the price target from $28 to $30 on Dec. 11, 2024. This analyst has an accuracy rate of 61%.

Considering buying CCL stock? Here’s what analysts think:

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