Carnival Corp reports results for the quarter ended February 28 - Earnings Summary

• Carnival Corp CCL.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of twenty analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -1 cents to 5 cents per share.

• Revenue rose 7.5% to $5.81 billion from a year ago; analysts expected $5.75 billion.

• Carnival Corp's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $78 million.

• Carnival Corp shares had fallen by 14.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 884.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the hotels, motels & cruise lines peer group is also "buy"

Wall Street's median 12-month price target for Carnival Corp is $31.00

This summary was machine generated from LSEG data March 21 at 02:16 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)