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Carnival (CCL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, Carnival (CCL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.36 per share, reflecting a decline of 4.9% compared to the same period last year. Revenues are forecasted to be $8.36 billion, representing a year-over-year increase of 2.6%.
Over the last 30 days, there has been a downward revision of 11.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Carnival metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenues- Passenger ticket' to reach $5.52 billion. The estimate indicates a change of +1.6% from the prior-year quarter.
Analysts predict that the 'Revenues- Onboard and other' will reach $2.77 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Tour and Other' will reach $145.94 million. The estimate points to a change of -18.5% from the year-ago quarter.
The consensus estimate for 'ALBDs (Available lower berth days)' stands at 24.95 million. Compared to the present estimate, the company reported 24.60 million in the same quarter last year.
Based on the collective assessment of analysts, 'Occupancy percentage' should arrive at 111.4%. The estimate compares to the year-ago value of 112.0%.
Analysts expect 'Passenger cruise days (PCDs)' to come in at 27.80 million. The estimate is in contrast to the year-ago figure of 27.50 million.
The collective assessment of analysts points to an estimated 'Fuel cost per metric ton consumed (excluding emission allowances)' of $790.33 . The estimate compares to the year-ago value of $607.00 .
According to the collective judgment of analysts, 'Net yields (per ALBD)' should come in at $252.25 . The estimate compares to the year-ago value of $249.11 .
It is projected by analysts that the 'Fuel consumption in metric tons' will reach 719 thousands metric tons. The estimate compares to the year-ago value of 700 thousands metric tons.
The average prediction of analysts places 'Fuel consumption in metric tons per thousand ALBDs' at 29 thousands metric tons. Compared to the present estimate, the company reported 28 thousands metric tons in the same quarter last year.
The combined assessment of analysts suggests that 'Passengers carried' will likely reach 3,929,127 . Compared to the current estimate, the company reported 3,800,000 in the same quarter of the previous year.
Over the past month, Carnival shares have recorded returns of -14.8% versus the Zacks S&P 500 composite's +1.3% change. Based on its Zacks Rank #3 (Hold), CCL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Carnival (CCL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Carnival (CCL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.36 per share, reflecting a decline of 4.9% compared to the same period last year. Revenues are forecasted to be $8.36 billion, representing a year-over-year increase of 2.6%.
Over the last 30 days, there has been a downward revision of 11.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Carnival metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenues- Passenger ticket' to reach $5.52 billion. The estimate indicates a change of +1.6% from the prior-year quarter.
Analysts predict that the 'Revenues- Onboard and other' will reach $2.77 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Tour and Other' will reach $145.94 million. The estimate points to a change of -18.5% from the year-ago quarter.
The consensus estimate for 'ALBDs (Available lower berth days)' stands at 24.95 million. Compared to the present estimate, the company reported 24.60 million in the same quarter last year.
Based on the collective assessment of analysts, 'Occupancy percentage' should arrive at 111.4%. The estimate compares to the year-ago value of 112.0%.
Analysts expect 'Passenger cruise days (PCDs)' to come in at 27.80 million. The estimate is in contrast to the year-ago figure of 27.50 million.
The collective assessment of analysts points to an estimated 'Fuel cost per metric ton consumed (excluding emission allowances)' of $790.33 . The estimate compares to the year-ago value of $607.00 .
According to the collective judgment of analysts, 'Net yields (per ALBD)' should come in at $252.25 . The estimate compares to the year-ago value of $249.11 .
It is projected by analysts that the 'Fuel consumption in metric tons' will reach 719 thousands metric tons. The estimate compares to the year-ago value of 700 thousands metric tons.
The average prediction of analysts places 'Fuel consumption in metric tons per thousand ALBDs' at 29 thousands metric tons. Compared to the present estimate, the company reported 28 thousands metric tons in the same quarter last year.
The combined assessment of analysts suggests that 'Passengers carried' will likely reach 3,929,127 . Compared to the current estimate, the company reported 3,800,000 in the same quarter of the previous year.
View all Key Company Metrics for Carnival here>>>Over the past month, Carnival shares have recorded returns of -14.8% versus the Zacks S&P 500 composite's +1.3% change. Based on its Zacks Rank #3 (Hold), CCL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .