Carnival (CCL) to Report Q2 Earnings: What's in the Cards?

20.06.24 15:04 Uhr

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Carnival Corporation & plc CCL is scheduled to report its second-quarter fiscal 2024 results on Jun 25, 2024, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 22.2%.How are Estimates Placed?The Zacks Consensus Estimate for fiscal second-quarter bottom line is pegged at a loss of a cent. In the prior-year quarter, CCL reported a loss of 31 cents.For revenues, the consensus mark is pegged at approximately $5.7 billion. The metric suggests an increase of 15.1% from the year-ago quarter’s figure.Carnival Corporation Price and EPS Surprise  Carnival Corporation price-eps-surprise | Carnival Corporation Quote Let's look at how things have shaped up in the quarter.Factors to NoteCarnival’s fiscal second-quarter top line is expected to have increased year over year on the back of improvements in booking activities, a strong pricing environment and increased advertising activities.Carnival's initiatives to boost brand visibility and generate widespread demand for cruise travel bode well. By focusing on diverse source markets, the company is attracting a significant number of new guests and expanding its base of repeat customers. The comprehensive strategy is likely to have driven overall demand and promoted sustainable revenue growth in the to-be-reported quarter.Significant investments in capacity creation and expanded offerings are likely to have aided the company’s performance in the to-be-reported quarter. New ships such as Carnival Jubilee, Sun Princess and Queen Anne are expected to drive increased demand. AIDA’s modernization program is likely to have enhanced guest experiences and environmental sustainability. At the same time, the exclusive destination Celebration Key is anticipated to boost ticket revenues and reduce costs, supporting CCL’s growth strategy in the fiscal second quarter.Increased revenues from its onboard and passenger tickets are likely to have driven the fiscal second-quarter top line. Our model projects fiscal second-quarter passenger ticket revenues to rise 16% year over year to $3.64 billion. We expect onboard and other revenues to increase 11.8% year over year to $1.97 billion.Strength in core deployments across the Caribbean, Alaska and Europe, along with optimized yield on limited remaining inventory and progress in the commercial space, are likely to have driven EBITDA and margin enhancements in the to-be-reported quarter. For second-quarter fiscal 2024, the company expects adjusted EBITDA to be approximately $1.05 billion.However, high costs are likely to have hurt the company’s bottom line. For second-quarter fiscal 2024, CCL expects adjusted cruise costs, excluding fuel per ALBD (in constant currency), to increase approximately 3% year over year. The upside includes an unfavorable impact of 1.3 percentage points attributed to lower ALBDs resulting from the Red Sea rerouting, as certain ships repositioned without guests.What the Zacks Model UnveilsOur proven model predicts an earnings beat for Carnival this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Earnings ESP: Carnival has an Earnings ESP of +70.37%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: The company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Our takeGiven the information provided, investors might find it advantageous to contemplate acquiring CCL shares before the unveiling of its second-quarter results. Encouraging signals, such as anticipated rise in booking activities, strength in core deployments and modernization programs, hint at the potential for favorable earnings outcomes.Regarding valuation, CCL’s shares present an appealing opportunity. With a forward 12-month price-to-earnings ratio of 12.93X, below the Zacks Leisure and Recreation Services industry average of 16.71X, the stock offers compelling value for investors aiming for exposure to the leisure industry.These positive indicators suggest that the company's growth trajectory remains promising, presenting an opportune moment for investors to consider investing in the stock ahead of second-quarter fiscal 2024 results.Other Stocks Poised to Beat Earnings EstimatesHere are some other stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.Hasbro, Inc. HAS currently has an Earnings ESP of +7.06% and a Zacks Rank of 1.HAS’s earnings for the to-be-reported quarter are expected to increase 55.1%. It reported better-than-expected earnings in two of the trailing four quarters and missed on the other two occasions, with a negative surprise of 17.5% on average.Hyatt Hotels Corporation H has an Earnings ESP of +0.81% and a Zacks Rank of 3 at present.H is expected to register a 17.1% increase in earnings for the to-be-reported quarter. It reported better-than-expected earnings in two of the trailing four quarters and missed on the other two occasions, with earnings surprise of 20.3%, on average.Choice Hotels International, Inc. CHH currently has an Earnings ESP of +0.22% and a Zacks Rank of 3.CHH’s earnings for the to-be-reported quarter are expected to increase 6.3%. It reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 4.6%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Free Report – 3 Stocks Sneaking Into Hydrogen Energy Demand for clean hydrogen energy is projected to reach $500 billion by 2030 and grow 5-FOLD by 2050. No guarantees, but three companies are quietly getting the jump on their competition.Zacks Investment Research is temporarily offering an urgent Special Report naming and explaining these emerging powerhouses primed to boom. Click below for Hydrogen Energy: 3 Industrial Giants to Ride the Next Renewable Energy Wave.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL): Free Stock Analysis Report Hyatt Hotels Corporation (H): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report Choice Hotels International, Inc. (CHH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Analysen zu Carnival plc

DatumRatingAnalyst
12.09.2014Carnival HaltenNorddeutsche Landesbank (Nord/LB)
21.12.2012Carnival kaufenExane-BNP Paribas SA
02.10.2012Carnival equal-weightMorgan Stanley
02.02.2011Carnival overweightMorgan Stanley
28.01.2011Carnival kaufenFuchsbriefe
DatumRatingAnalyst
21.12.2012Carnival kaufenExane-BNP Paribas SA
02.02.2011Carnival overweightMorgan Stanley
28.01.2011Carnival kaufenFuchsbriefe
11.02.2005Carnival: Outperform Credit Suisse First Boston
DatumRatingAnalyst
12.09.2014Carnival HaltenNorddeutsche Landesbank (Nord/LB)
02.10.2012Carnival equal-weightMorgan Stanley
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