William Blair Has Strong Estimate for Carnival Q2 Earnings

Carnival Corporation (NYSE:CCL) – Investment analysts at William Blair raised their Q2 2025 earnings per share estimates for shares of Carnival in a research report issued to clients and investors on Tuesday, June 17th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.24. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival’s Q3 2025 earnings at $1.39 EPS and FY2025 earnings at $1.95 EPS.

Carnival (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival had a net margin of 8.07% and a return on equity of 26.53%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the firm posted ($0.14) earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.

Several other research analysts also recently weighed in on CCL. Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. BNP Paribas assumed coverage on shares of Carnival in a research report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Wednesday, March 26th. Citigroup lifted their price objective on shares of Carnival from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Finally, Mizuho lifted their target price on shares of Carnival from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Carnival Stock Performance

NYSE CCL opened at $23.27 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.26 and a debt-to-equity ratio of 2.78. Carnival has a 52-week low of $13.78 and a 52-week high of $28.72. The business’s 50-day moving average price is $21.13 and its 200 day moving average price is $22.89. The firm has a market cap of $27.14 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.56 and a beta of 2.58.

Institutional Investors Weigh In On Carnival

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Measured Risk Portfolios Inc. purchased a new stake in Carnival in the 4th quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new stake in shares of Carnival in the fourth quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Carnival in the first quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival in the first quarter valued at $26,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival in the fourth quarter valued at $34,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.