Carnival Corporation (NYSE:CCL) is set to announce second quarter earning results on Friday 10th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CCL to report 2Q20 loss of $ 2.26 per share.
For the full year, analysts anticipate top line of $ 7218.68 million, while looking forward to loss of $ 5.4 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.30 ~ $ 4.60 per share
Historical Earnings Performance
The pervious quarter 1Q20 results missed analysts expectation, the report interpreted income of $ 0.22 per share from the top line of $ 4,789.00 million, analysts anticipated $ 0.27 per share
In the same quarter last year, the 2Q19 results rose above wall street expectation, the report represented earnings of $ 0.66 per share from the revenues of $ 4,838.00 million, analysts expected $ 0.61 per share
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Stock Performance
According to the previous trading day, closing price of CCL was $ 14.58, representing a 86.92 % increase from the 52 week low of $ 7.80 and a 71.93 % decrease over the 52 week high of $ 51.94.
The company has a market capital of $ 11.40 billion and is part of the Consumer Cyclical sector and Leisure industry.
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Recent Analyst recommendations
On 18th June 2020, downgraded by Berenberg Bank to Sell from Hold rating, with $ 10.00 target price.
On 21st May 2020, initiated by Credit Suisse Group at Neutral rating
On 20th May 2020, maintained by SunTrust Robinson Humphrey at Hold rating, with $ 12.00 target price.
Conference Call
Carnival Corporation will be hosting a conference call at 10:00 AM eastern time on 10th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/a9v5cgt2
Carnival Corporation & plc operates as a leisure travel company. As of August 21, 2019, the company operated 102 ships. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.
