Carnival Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Carnival Corporation CCL is expected to release earnings results for its first quarter, before the opening bell on March 27, 2024.

Analysts expect the Miami, Florida-based company to report a quarterly loss at 18 cents per share, versus a year-ago loss of 55 cents per share in the year-ago period. Carnival is projected to report quarterly revenue of $5.42 billion, according to data from Benzinga Pro.

Carnival, on Jan. 30, reported an early and robust start to its peak booking period which has exceeded expectations with bookings volumes since November hitting an all-time high.

Carnival shares gained 0.4% to close at $17.08 on Friday.

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 raised the price target from $25 to $26 on March 8, 2024. This analyst has an accuracy rate of 62%.
• Truist Securities analyst Patrick Scholes maintained a Hold rating and boosted the price target from 15 to $18 on Jan. 18, 2024. This analyst has an accuracy rate of 74%.
• Barclays analyst Brandt Montour maintained an Overweight rating and raised the price target from $22 to $24 on Dec. 22, 2023. This analyst has an accuracy rate of 66%.
• Citigroup analyst James Hardiman reinstated a Buy rating with a price target of $18 on Nov. 21, 2023. This analyst has an accuracy rate of 68%.
• UBS analyst Robin Farley maintained a Buy rating and lowered the price target from $23 to $20 on Oct. 6, 2023. This analyst has an accuracy rate of 82%.

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