Carnival (NYSE:CCL) Releases Q4 2026 Earnings Guidance

Carnival (NYSE:CCL) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.200-0.200 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of -. Carnival also updated its FY 2026 guidance to 2.240-2.240 EPS.

Carnival Stock Performance

CCL opened at $24.75 on Tuesday. The company’s 50 day moving average is $25.29 and its 200 day moving average is $26.32. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. Carnival has a 12-month low of $21.45 and a 12-month high of $34.03. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.06 and a beta of 2.31.

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, equities research analysts predict that Carnival will post 2.2 EPS for the current year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Carnival’s payout ratio is 27.03%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCL. Argus set a $35.00 price target on Carnival in a research note on Friday, June 26th. Truist Financial lifted their price target on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Sanford C. Bernstein cut Carnival from a “market perform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Tigress Financial raised their target price on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft set a $32.00 target price on Carnival in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.45.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival reported that third-quarter 2026 results outperformed guidance, with its best-ever revenue, net yields and net income. Record bookings also provide a strong foundation for 2027, reinforcing the company’s demand recovery and pricing momentum. Carnival third-quarter 2026 results
• Positive Sentiment: The results offer a favorable contrast with the recent share-price weakness and may ease concerns that Carnival’s recovery is losing momentum. Strong bookings are particularly important because they support future occupancy, pricing and onboard revenue.
• Neutral Sentiment: Investors had been focused on whether management would discuss dividends, Holland America and fleet upgrades during the earnings update. These topics could influence the next phase of Carnival’s capital-allocation and growth strategy. Carnival earnings preview
• Neutral Sentiment: Princess Cruises, a Carnival brand, launched an AI-powered cruise-planning app within ChatGPT. The initiative could improve customer discovery and bookings, but its near-term financial effect on CCL is uncertain. Princess Cruises AI app launch
• Negative Sentiment: Higher fuel prices remain a major concern because they can raise voyage costs and compress margins. Bank of America cut its Carnival price target as this cost pressure intensified, contributing to investor caution despite the company’s operational gains. Bank of America cuts Carnival price target
• Negative Sentiment: Pre-earnings coverage also highlighted Carnival’s substantial debt burden and shares trading near a 52-week low. Those balance-sheet and valuation concerns may limit the market’s reaction unless management provides reassuring guidance on costs, cash flow and debt reduction.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.