Carnival Corp. (CCL) Issues Q1 Business Update
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March 22, 2022 10:43 AM EDT
Morgan Stanley analyst Jamie Rollo reiterated an Underweight rating and $18.00 price target on Carnival Corporation (NYSE: CCL).
The analyst comments "CCL ended Q1 with liquidity of $7.2bn (MSe ~$7bn), compared to $9.4bn at Q4, which implies a ~$0.5bn monthly burn excluding a $500m debt repayment and a small customer deposit... More
March 22, 2022 10:17 AM EDT
Stifel analyst Steven Wieczynski reiterated a Buy rating and $33.00 price target on Carnival Corporation (NYSE: CCL).
The analyst comments "We continue to believe in the resilience of the cruise industrys core operating fundamentals and expect operational adjustments made to address the... More
March 22, 2022 9:16 AM EDT
(Updated - March 22, 2022 9:18 AM EDT)
Carnival Corp. (NYSE: CCL) reported Q1 EPS of ($1.66), $0.76 worse than the analyst estimate of ($0.90). Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $2.32 billion.
Update on Bookings
Donald added, "Given the recent strengthening in booking volumes coupled with the closer-in booking patterns, we expect an extended wave season. In fact, we gained occupancy even in the month of March with fleetwide occupancy nearing 70 percent and several sailings already... More
