Carnival (CCL) Projected to Post Quarterly Earnings on Friday

Carnival (NYSE:CCL) is expected to announce its Q4 2025 results before the market opens on Friday, December 19th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $6.3761 billion for the quarter. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. Interested persons may visit the the company’s upcoming Q4 2025 earning results page for the latest details on the call scheduled for Friday, December 19, 2025 at 10:00 AM ET.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. On average, analysts expect Carnival to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Stock Down 1.4%

Shares of CCL opened at $28.21 on Wednesday. The company’s 50-day moving average price is $27.21 and its 200 day moving average price is $28.25. Carnival has a 12-month low of $15.07 and a 12-month high of $32.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm has a market cap of $32.94 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.53 and a beta of 2.53.

Analysts Set New Price Targets

Several brokerages have recently commented on CCL. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target on Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Citigroup cut their price objective on Carnival from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average target price of $33.95.

Institutional Investors Weigh In On Carnival

Several institutional investors have recently modified their holdings of CCL. Centaurus Financial Inc. grew its stake in shares of Carnival by 7.3% during the third quarter. Centaurus Financial Inc. now owns 8,939 shares of the company’s stock worth $258,000 after purchasing an additional 606 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Carnival by 102.5% during the 3rd quarter. Captrust Financial Advisors now owns 90,904 shares of the company’s stock worth $2,628,000 after buying an additional 46,010 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Carnival by 2.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,486 shares of the company’s stock worth $679,000 after acquiring an additional 492 shares in the last quarter. Danske Bank A S purchased a new position in shares of Carnival in the 3rd quarter valued at about $14,981,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of Carnival by 1.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 25,613 shares of the company’s stock worth $740,000 after acquiring an additional 478 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.