Carnival Stock Is Getting Dumped Even After Record Bookings. Time To Buy?
Carnival (NYSE: CCL) stock has been one of the biggest winners on the market this year. However, investors in the cruise line stock seemed to catch a case of seasickness after its second-quarter earnings report came out on Monday morning.
Shares finished down 7.6% Monday after trading down double digits for much of the session. That pullback was a bit of a surprise as Carnival actually beat estimates on the top and bottom lines. The world's largest cruise operator posted a 105% jump in revenue to $4.91 billion, ahead of expectations at $4.77 billion. That was a record for Q2 revenue, the latest sign that the company continues to rebound strongly from the pandemic.
Other bright spots included record customer deposits at $7.2 billion, beating the previous pre-pandemic record at $6 billion, and another all-time high in total bookings.
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.
As a result the target price of 13 € shows a slightly positive potential of 4.21% compared to the current price of 12.48 € for Carnival plc.
