William Blair Analysts Raise Earnings Estimates for Carnival

Carnival Corporation (NYSE:CCL) – Stock analysts at William Blair boosted their Q2 2025 earnings per share estimates for shares of Carnival in a research note issued to investors on Tuesday, June 17th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.24. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival’s Q3 2025 earnings at $1.39 EPS and FY2025 earnings at $1.95 EPS.

Carnival (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.

A number of other brokerages also recently commented on CCL. BNP Paribas started coverage on shares of Carnival in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Macquarie cut their price objective on Carnival from $31.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Barclays raised their price objective on Carnival from $26.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday. HSBC upgraded Carnival from a “reduce” rating to a “hold” rating and set a $24.00 target price on the stock in a report on Friday, May 16th. Finally, Truist Financial dropped their target price on Carnival from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

Carnival Trading Down 2.4%

NYSE CCL opened at $23.27 on Wednesday. The company’s 50 day moving average price is $21.13 and its 200 day moving average price is $22.89. Carnival has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.21 and a current ratio of 0.26. The firm has a market capitalization of $27.14 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.56 and a beta of 2.58.

Institutional Investors Weigh In On Carnival

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in Carnival by 11.0% in the fourth quarter. Empowered Funds LLC now owns 18,836 shares of the company’s stock valued at $469,000 after buying an additional 1,861 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Carnival by 8.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 400,065 shares of the company’s stock valued at $10,034,000 after buying an additional 30,482 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Carnival by 128.6% in the 4th quarter. Vontobel Holding Ltd. now owns 60,858 shares of the company’s stock valued at $1,517,000 after acquiring an additional 34,231 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Carnival by 33.2% in the 4th quarter. Principal Securities Inc. now owns 24,725 shares of the company’s stock valued at $616,000 after acquiring an additional 6,160 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Carnival by 24.3% in the 4th quarter. Allworth Financial LP now owns 20,471 shares of the company’s stock valued at $517,000 after acquiring an additional 4,002 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.