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Carnival Corporation

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Despite reporting better-than-expected earnings in fourth-quarter fiscal 2018, shares of Carnival have decreased significantly in the recent past. The decline can be primarily attributed to the company’s lower-than-expected performance, stemming from high costs. Earnings in the fiscal first quarter are likely to be impacted by strong dollar and rising fuel prices. However, given the burgeoning demand for cruise travel, the addition of ships to its fleet bodes well. The company also believes that it is well poised for continued earnings growth, given the current strength in its bookings along with pricing trends for the fiscal year. Its strategy of growing beyond familiar itineraries and capitalizing on rapidly growing markets augurs well. Moreover, the rollout of the company’s new state-of-the-art revenue-management system — YODA — will help it garner incremental revenues in the second half of fiscal 2019 and beyond.

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