Carnival Q3 Earnings: Analysts Predict 3.2% EPS Growth, 2.2% Revenue Increase

Carnival (CCL) is expected to report Q3 earnings of $1.31 per share, up 3.2% YoY, and revenues of $8.07 billion, up 2.2% YoY. Analysts have revised their EPS estimates upward by 5.6% in the past 30 days. Key metrics include revenues from passenger tickets ($5.31 billion), onboard and other revenues ($2.67 billion), available lower berth days (24.60 million), occupancy percentage (112.2%), passenger cruise days (27.61 million), fuel cost per metric ton consumed ($595.27), net yields per ALBD ($247.71), and fuel consumption in metric tons (734,000).

Carnival Corporation (CCL) is expected to report its Q3 earnings, with analysts forecasting a quarterly earnings per share (EPS) of $1.31, marking a 3.2% year-over-year increase Wall Street's Insights Into Key Metrics Ahead of Carnival (CCL) Q3 Earnings^[1]. Revenues are projected to reach $8.07 billion, indicating a 2.2% YoY growth. Over the past 30 days, analysts have revised their EPS estimates upward by 5.6%, reflecting a collective reappraisal of the company's financial performance.

Key metrics that analysts are closely monitoring include:
- Revenues from Passenger Tickets: Projected at $5.31 billion, representing a 1.3% YoY increase.
- Onboard and Other Revenues: Expected to reach $2.67 billion, with a 0.5% YoY change.
- Available Lower Berth Days (ALBDs): Forecast to be 24.60 million, down slightly from the previous year's 25.20 million.
- Occupancy Percentage: Projected to be 112.2%, up from the previous year's 112.0%.
- Passenger Cruise Days (PCDs): Expected to reach 27.61 million, down from the previous year's 28.10 million.
- Fuel Cost per Metric Ton Consumed (excluding EUA): Forecast to be $595.27, down from the previous year's $670.00.
- Net Yields per ALBD: Projected to be $247.71, up from the previous year's $233.87.
- Fuel Consumption in Metric Tons: Expected to reach 734,000 metric tons, up from the previous year's 700,000 metric tons.
- Fuel Consumption in Metric Tons per Thousand ALBDs: Projected to be 30,000 metric tons, unchanged from the previous year.

These projections suggest a mixed performance for Carnival, with some metrics showing improvement while others remain relatively stable. The company's stock has seen a -3.6% return over the past month compared to the Zacks S&P 500 composite's +3.1% change. Despite this, Carnival carries a Zacks Rank #2 (Buy), indicating potential for outperformance in the near future.

Investors should closely monitor Carnival's earnings report, scheduled to be released soon, to assess how the company's performance aligns with analysts' projections and to gauge potential market reactions.