3 Things I Learned About Carnival Stock This Week
Pull up a quote for Carnival Corp. (NYSE: CCL) after Monday morning's highly anticipated quarterly report -- it's not pretty. Shares of the world's largest cruise line operator traded as much as 12% lower on the news, ultimately ending the day with an 8% slide.
Finding the culprit following a post-earnings dip is typically as easy as rounding up the usual suspects. Did the financial results fail to meet expectations? Is guidance problematic? Is there something in the subsequent earnings call that scared off analysts? You'll come up empty on all fronts in sizing up Carnival's encouraging update. Let's take a closer look at three things I learned from the cruising giant's fiscal second-quarter report.
The headline numbers look good. Revenue more than doubled, soaring 105% to hit a second-quarter record of $4.9 billion. The results are stacked against depressed results a year earlier, but they still surpassed projections from Wall Street pros. They figured that Carnival's top line would fall just short of doubling at $4.8 billion.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.24 € for Carnival plc, so the potential is actually -1.78%.
