Carnival (CCL) Q3 Earnings: What To Expect
2024-09-29 10:00:50
Cruise ship company Carnival (NYSE:CCL) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
Carnival beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $5.78 billion, up 17.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ earnings and operating margin estimates. It reported 24.3 million passenger cruise days, up 11.5% year on year.
Is Carnival a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Carnival’s revenue to grow 14.1% year on year to $7.82 billion, slowing from the 59.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.15 per share.
