Carnival (NYSE:CCL) Issues FY 2026 Earnings Guidance

Carnival (NYSE:CCL) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.210-2.21 for the period, compared to the consensus EPS estimate of 2.380. The company issued revenue guidance of -. Carnival also updated its Q2 2026 guidance to 0.340-0.340 EPS.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, December 22nd. Barclays cut their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group cut their price target on shares of Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Citigroup cut their price target on shares of Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, William Blair reiterated an “outperform” rating on shares of Carnival in a research note on Tuesday, March 3rd. Twenty-one research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.17.

Carnival Stock Performance

Shares of NYSE CCL traded down $0.01 during mid-day trading on Thursday, reaching $28.03. 16,435,492 shares of the company were exchanged, compared to its average volume of 24,687,762. The company’s 50-day simple moving average is $28.52 and its 200-day simple moving average is $28.52. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $34.72 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.11 and a beta of 2.48. Carnival has a twelve month low of $17.05 and a twelve month high of $34.03.

Carnival (NYSE:CCL) last posted its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter last year, the company posted $0.13 EPS. Carnival’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Carnival will post 1.77 earnings per share for the current year.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director owned 52,601 shares in the company, valued at $1,377,620.19. The trade was a 18.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is owned by company insiders.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Geopolitical relief and oil drop triggered a broad travel rally, boosting Carnival as fuel-cost concerns eased and demand optimism returned. Why Is Carnival (CCL) Stock Soaring Today
• Positive Sentiment: Coverage and sector commentary (Barron’s, Motley Fool, etc.) highlighted operational strengths and the potential for durable demand if fuel costs remain lower, supporting investor sentiment. Carnival Is Today’s Top S&P 500 Stock
• Neutral Sentiment: Some analysts remain constructive: Citi cut its price target to $35 but maintained a Buy rating after Q1 results, reflecting mixed views (record adjusted EBITDA vs. trimmed guidance). Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Surged Today
• Negative Sentiment: Carnival cut its Q2 2026 EPS outlook to 0.340 (vs. ~0.41 consensus), signaling weaker near‑term profit expectations and raising downside risk to the stock from lower-than-expected earnings.
• Negative Sentiment: The company also trimmed FY‑2026 EPS guidance to 2.21 (vs. ~2.38 consensus), which could weigh on investor earnings revisions and valuation multiples until the gap narrows.
• Negative Sentiment: Carnival is exposed to volatile fuel prices and does not hedge fuel to the same degree as some peers; persistent energy price spikes can quickly compress margins and offset the recent rally. Carnival Fuel Costs Test Profit Gains And 2026 Cruise Demand Strength

Hedge Funds Weigh In On Carnival

Several hedge funds have recently bought and sold shares of CCL. Measured Wealth Private Client Group LLC bought a new position in Carnival in the 3rd quarter valued at about $25,000. Johnson Financial Group Inc. bought a new position in Carnival in the 3rd quarter valued at about $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Carnival during the 4th quarter valued at approximately $32,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Carnival during the 4th quarter valued at approximately $35,000. Finally, DV Equities LLC bought a new stake in shares of Carnival during the 4th quarter valued at approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.