Carnival Corp reports results for the quarter ended May 31 - Earnings Summary

• Carnival Corp CCL.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 21 cents to 28 cents per share.

• Revenue rose 9.5% to $6.33 billion from a year ago; analysts expected $6.21 billion.

• Carnival Corp's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $565 million.

• Carnival Corp shares had risen by 23.1% this quarter and lost 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 6 "hold" and no "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 $30.00, about 19.9% above its last closing price of $24.04

This summary was machine generated from LSEG data June 24 at 02:21 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)