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Compared to Estimates, Carnival (CCL) Q3 Earnings: A Look at Key Metrics

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For the quarter ended August 2026, Carnival (CCL - Free Report) reported revenue of $8.44 billion, up 3.5% over the same period last year. EPS came in at $1.43, compared to $1.43 in the year-ago quarter.

The reported revenue represents a surprise of +0.87% over the Zacks Consensus Estimate of $8.36 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +5.15%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Carnival performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • ALBDs (Available lower berth days): 24.9 million versus the five-analyst average estimate of 24.95 million.
  • Occupancy percentage: 111.8% versus 111.4% estimated by five analysts on average.
  • Passenger cruise days (PCDs): 27.9 million versus 20.88 million estimated by four analysts on average.
  • Fuel cost per metric ton consumed (excluding emission allowances): $826.00 versus the three-analyst average estimate of $799.67.
  • Net yields (per ALBD): $254.99 versus the three-analyst average estimate of $252.33.
  • Fuel consumption in metric tons: 700.00 Kmt versus 698.15 Kmt estimated by two analysts on average.
  • Fuel consumption in metric tons per thousand ALBDs: 26.90 Kmt compared to the 28.15 Kmt average estimate based on two analysts.
  • Passengers carried: 3,900,000 versus 3,929,127 estimated by two analysts on average.
  • Revenues- Onboard and other: $2.91 billion versus the five-analyst average estimate of $2.78 billion. The reported number represents a year-over-year change of +6.7%.
  • Revenues- Passenger ticket: $5.53 billion versus the five-analyst average estimate of $5.51 billion. The reported number represents a year-over-year change of +1.8%.

View all Key Company Metrics for Carnival here>>>

Shares of Carnival have returned -7.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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