2 Long Streaks Should Come to an End at Carnival This Week
It's a quiet week for earnings announcements, but one notable company stepping up to set sail is Carnival Corp. (NYSE: CCL). The world's largest cruise line operator reports its fiscal third-quarter results on Friday morning.
Expectations are high -- and we'll get to that shortly -- as analysts warm up to the stock ahead of the telltale financial update. However, the real story of this week's quarterly report is that it should be the end of two long-running streaks at Carnival. The end of one run is great, the other not as bad as it seems. Let's take a look through the porthole to see what lies ahead.
Let's start with the streak investors will enjoy to see coming to an end. Carnival has posted 14 consecutive quarters of losses, a string that dates all the way back to the final frame of fiscal 2019. You know what happened in 2020. Cruise lines were the hardest hit segment of the travel market given the quick spread of COVID-19 aboard ships and international travel restrictions that limited the availability of global ports of call.
Source Fool.com
Carnival plc Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
However, we have a potential of -2.8% for Carnival plc as the target price of 13 € is below the current price of 13.38 €.
