What To Expect From Carnival’s (CCL) Q1 Earnings

StockStory
21 Mar
What To Expect From Carnival’s (CCL) Q1 Earnings

Cruise ship company Carnival (NYSE:CCL) will be reporting earnings tomorrow morning. Here’s what you need to know.

Carnival met analysts’ revenue expectations last quarter, reporting revenues of $5.94 billion, up 10% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a decent beat of analysts’ adjusted operating income estimates. It reported 24.6 million passenger cruise days, up 4.2% 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 6.5% year on year to $5.76 billion, slowing from the 22% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Carnival has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Carnival’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Scholastic reported revenues up 3.6%, falling short of estimates by 3.5%.

Read our full analysis of Nike’s results here and Scholastic’s results here.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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