Carnival Reports Q3 Earnings Tomorrow: Revenue Expected to Grow 2.7% YoY

Carnival is set to report Q3 earnings on Monday, with analysts expecting a 2.7% YoY revenue growth to $8.11 billion and adjusted earnings of $1.32 per share. The company beat revenue and EPS estimates last quarter, and has missed Wall Street's revenue estimates only twice over the last two years. Despite being down 3.9% in the last month, Carnival's average analyst price target is $34.73, higher than its current share price of $30.65.