Here are the earnings estimates, analyst ratings and key items to watch.
Carnival Q1 Earnings Estimates
Analysts expect Carnival to report first-quarter revenue of $6.13 billion, up from $5.81 billion in last year’s first quarter, according to data from Benzinga Pro.
The company missed revenue estimates in the fourth quarter, but reported a new fourth-quarter record figure.
Carnival has beaten analyst estimates for revenue in eight of the last 10 quarters overall.
Analysts expect Carnival to report first-quarter earnings per share of 18 cents, up from 13 cents per share year-over-year.
The company has beaten analyst estimates for earnings per share in 13 straight quarters.
Carnival Analyst Ratings and Price Targets
As one of the first large travel companies to report since the rising oil prices, Bank of America analyst Andrew Didora said attention could be largely on fuel costs.
The analyst maintained a Buy rating on Carnival stock with a $45 price target ahead of the earnings report.
Outside of fuel costs, Didora said key items to watch include demand and regional pricing. The analyst said demand, particularly in Europe and Alaska, could be supportive of the near-term trends for the cruise company.
After fuel cost volatility in fiscal 2026, Didora sees numbers return to normal in fiscal 2027.
Here are other recent analyst ratings on Carnival stock and their price targets:
Truist: Maintained Hold rating, lowered price target from $34 to $30
Barclays: Maintained Overweight rating, lowered price target from $37 to $36
Susquehanna: Maintained Positive rating, lowered price target from $40 to $30
Morgan Stanley: Upgraded from Equal-Weight to Overweight, lowered price target from $33 to $31
Goldman Sachs: Maintained Buy rating, lowered price target from $34 to $30
Key Items to Watch in Carnival’s Q1 Earnings Report
Rising oil prices put costs and short-term pressure in the spotlight for the company’s report and guidance, which could be bad timing for Carnival and the cruise sector.
Carnival reported record fourth quarter revenue, reinstated its dividend and highlighted strong demand back in December.
Carnival Q1 Preview: Cruise Line Looks To Offset Oil Concerns With Record Demand, 14th Straight Earnings Beat
