Carnival Beats Q1 Estimates on Record Bookings, Yet Stock Slips
Carnival (CCL) posted a strong first quarter with adjusted EPS of $0.20 on revenue of $6.2 billion, topping consensus of $0.18 and $6.14 billion, aided by record results and bookings. Despite the beat, the stock fell about 1.3% as the company guided 2026 yields up around 2.75%, cruise costs excluding fuel higher by about 3.1% per ALBD, and an expected roughly $150 million improvement in adjusted net income versus December guidance. Fuel assumptions were outlined for the coming quarters. Analysts remain positive, with a Strong Buy consensus and an average target of $35.31, implying roughly 43% upside.
