Carnival Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Carnival Corporation CCL will release earnings results for its second quarter, before the opening bell on Tuesday.

Analysts expect the Miami, Florida-based company to report a quarterly loss at 2 cents per share, versus a year-ago loss of 31 cents per share. Carnival is projected to post quarterly revenue of $5.68 billion, according to data from Benzinga Pro.

On June 3, the company announced that it will consolidate its P&O Cruises Australia brand's Australia operations into Carnival.

Carnival shares rose 0.1% to close at $16.07 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.

• Truist Securities analyst Patrick Scholes maintained a Hold rating and cut the price target from $18 to $17 on May 29. This analyst has an accuracy rate of 93%.
• Wells Fargo analyst Daniel Politzer maintained an Overweight rating and raised the price target from $22 to $23 on May 17. This analyst has an accuracy rate of 61%.
• UBS analyst Robin Farley maintained a Buy rating and boosted the price target from $20 to $21 on May 14. This analyst has an accuracy rate of 83%.
• Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $23 to $25 on April 3. This analyst has an accuracy rate of 73%.
• Argus Research analyst John Staszak maintained a Buy rating and cut the price target from $23 to $20 on April 1. This analyst has an accuracy rate of 67%.

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