William Blair Has Positive Forecast for Carnival Q4 Earnings

Carnival Corporation (NYSE:CCL) – Equities researchers at William Blair upped their Q4 2025 earnings estimates for Carnival in a note issued to investors on Tuesday, June 17th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.16. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival’s FY2026 earnings at $2.24 EPS.

CCL has been the subject of several other research reports. BNP Paribas started coverage on shares of Carnival in a research note on Thursday, March 27th. They set an “outperform” rating and a $26.00 price objective for the company. Hsbc Global Res raised shares of Carnival from a “moderate sell” rating to a “hold” rating in a research note on Friday, May 16th. Stifel Nicolaus boosted their price target on shares of Carnival from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Carnival from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley raised shares of Carnival from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Carnival currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

Carnival Price Performance

Shares of NYSE:CCL opened at $23.61 on Thursday. The company has a 50 day moving average of $21.21 and a 200 day moving average of $22.89. The stock has a market cap of $27.54 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.54 and a beta of 2.58. Carnival has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a current ratio of 0.26, a quick ratio of 0.21 and a debt-to-equity ratio of 2.78.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival had a net margin of 8.07% and a return on equity of 26.53%. Carnival’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share.

Institutional Investors Weigh In On Carnival

Institutional investors have recently made changes to their positions in the business. Measured Risk Portfolios Inc. purchased a new stake in Carnival during the 4th quarter valued at $29,000. Orion Capital Management LLC purchased a new stake in Carnival during the 4th quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in Carnival during the 1st quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival during the 1st quarter valued at $26,000. Finally, Millstone Evans Group LLC purchased a new stake in Carnival during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.