Carnival (CCL) to Release Earnings on Friday

Carnival (NYSE:CCL) is expected to be announcing its Q1 2026 results before the market opens on Friday, March 20th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $6.1301 billion for the quarter. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Friday, March 20, 2026 at 10:00 AM ET.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. On average, analysts expect Carnival to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Stock Performance

NYSE CCL opened at $23.89 on Friday. The firm’s 50 day simple moving average is $30.32 and its 200 day simple moving average is $29.38. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.95 and a beta of 2.42. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. Carnival has a 1 year low of $15.07 and a 1 year high of $34.03.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, February 13th. Carnival’s dividend payout ratio (DPR) is currently 30.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Carnival by 1.5% during the fourth quarter. State Street Corp now owns 48,074,173 shares of the company’s stock worth $1,468,185,000 after acquiring an additional 704,433 shares during the last quarter. Morgan Stanley increased its position in Carnival by 8.3% during the 4th quarter. Morgan Stanley now owns 15,449,058 shares of the company’s stock valued at $471,814,000 after purchasing an additional 1,184,763 shares during the period. Dimensional Fund Advisors LP raised its holdings in Carnival by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,069,144 shares of the company’s stock worth $460,235,000 after purchasing an additional 559,128 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Carnival in the 4th quarter worth approximately $429,448,000. Finally, Invesco Ltd. boosted its stake in shares of Carnival by 27.5% in the 4th quarter. Invesco Ltd. now owns 13,922,516 shares of the company’s stock valued at $425,194,000 after purchasing an additional 3,005,752 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CCL shares. The Goldman Sachs Group decreased their price target on Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen reiterated a “buy” rating on shares of Carnival in a research report on Tuesday, January 13th. Mizuho boosted their target price on Carnival from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Barclays dropped their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, December 17th. Finally, Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a research report on Monday. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.70.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Seabourn (Carnival’s luxury brand) announced “The Denali Experience,” an eight-day pre-cruise program for 2027–2028 that expands high-margin luxury offerings and could help yield and pricing in the premium segment. SEABOURN INTRODUCES THE DENALI EXPERIENCE, EXTENDING ALASKA VOYAGES INTO THE HEART OF DENALI NATIONAL PARK IN 2027 AND 2028
• Neutral Sentiment: Analysts and market write-ups show valuation momentum cooling after recent gains; investors are reassessing whether the stock’s run is sustainable amid mixed short-term performance. Assessing Carnival Corporation (CCL) Valuation After Recent Share Price Cooling
• Neutral Sentiment: Industry context: Royal Caribbean’s strong EBITDA trajectory highlights solid cruise demand but also raises competitive and margin-comparison considerations for Carnival. RCL’s EBITDA Nears $8B Target: How Strong Is the Profitability Story?
• Negative Sentiment: Market reaction: a Zacks note flagged Carnival’s share decline (the stock fell more than the broader market), reflecting the immediate selling pressure and raising short-term technical/flow risk. Carnival (CCL) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Macro/commodity risk: reports link the share drop to heightened Middle East tensions that lifted oil prices — a direct cost headwind for cruise operators (fuel is a sizable operating input). Carnival (CCL) Stock Slides As Middle East Tensions Lift Oil
• Negative Sentiment: Analyst pressure: Stifel trimmed its price target (while keeping a Buy) and Goldman lowered its target to $30 (still a Buy) — both actions signal rising near-term headwinds (fuel costs, sentiment) and reduce upside expectations. Wall Street Still Likes Carnival $CCL But Still Drops Price Target Goldman Lowers Price Target on Carnival
• Negative Sentiment: Zacks moved Carnival from “strong-buy” to “hold,” increasing perceived near-term risk and likely contributing to selling pressure among momentum-driven holders. Zacks Research

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.