Added to YB: 2026-10-01
Pitch date: 2026-09-27
CCL [neutral]
Carnival Corporation Ltd.
+21.1%
current return
Author Info
No bio for this author
Company Info
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Market Cap
$33.8B
Pitch Price
$21.85
Price Target
N/A
Dividend
2.39%
EV/EBITDA
7.45
P/E
11.07
EV/Sales
2.09
Sector
Hotels, Restaurants and Leisure
Category
turnaround
CCL Earnings Bridge
CCL (earnings): Carnival’s May quarter delivered a modest yield beat and a cost beat, but management cut fiscal 2026 yield growth to 1.75% and EBITDA to $7.11B after reducing European occupancy to protect advertised pricing. At $21.79, the shares trade at 8.3x the cited fiscal 2027 EPS estimate. A fuel-only reset is survivable; the September report must show preserved ticket prices, recovering European occupancy and 2027 yields ahead of unit costs.
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