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Carnival (CCL)
NYSE:CCL
Earnings Data
Report Date
Jun 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2025
|% Change Since: -7.69%
|Next Earnings Date:Jun 19, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a very strong performance in the first quarter with record-breaking revenue and yield metrics, successful debt refinancing, and robust consumer demand. Despite acknowledging some macroeconomic and geopolitical volatility, the overall outlook remains positive with increased guidance for the full year and significant marketing and operational achievements.Company Guidance
In the recent earnings call, Carnival Corporation & plc reported a strong first quarter for fiscal year 2025, achieving high watermarks in revenue, EBITDA, and operating income. The company exceeded its net income guidance by more than $170 million, driven by a robust 7.3% yield increase, surpassing their yield guidance. The quarter saw a near doubling of operating income and $1.2 billion in EBITDA, marking a 40% year-over-year increase. Operating and EBITDA margins improved by over 400 basis points compared to the previous year, with both now surpassing 2019 levels. Despite macroeconomic volatility, Carnival raised its full-year yield guidance to 4.7% and increased its earnings guidance for the year by $185 million, projecting approximately $600 million in incremental earnings. The company is on track to reach its 2026 financial targets a year early, with a targeted ROIC of 12% and EBITDA per ALBD over 50% higher than two years ago. Additionally, Carnival is progressing towards its 2026 greenhouse gas target, with a 19% reduction in carbon intensity compared to 2019. Customer demand remains strong, with historical high prices for 2025 bookings and record booking volumes for 2026. The company also highlighted successful marketing campaigns and ongoing infrastructure projects, such as the development of Celebration Key in the Caribbean and expansions in Alaska, which are expected to enhance future customer experiences and demand.Record-Breaking First Quarter Performance
Achieved first quarter high watermarks for revenue, EBITDA, operating income, and customer deposits. Net income exceeded guidance by over $170 million, with operating margins and EBITDA margins each improving over 400 basis points year-over-year.
Substantial Yield and Revenue Growth
Reported a robust 7.3% yield increase, surpassing yield guidance. Yield growth for the full year is now expected at 4.7%. EBITDA reached $1.2 billion, a nearly 40% increase year-over-year.
Successful Refinancing Efforts
Refinanced $5.5 billion of debt, resulting in $145 million in annualized interest expense savings. The refinancing efforts contributed to lowering the full-year interest expense guidance by $100 million.
Strong Consumer Demand and Marketing Success
Historical high prices across all core programs for 2025 and record booking volumes for 2026. Marketing campaigns during wave season generated over 5 billion impressions.
Operational and Environmental Achievements
Progress on optimizing the portfolio, including the sale of Seaborn Sojourn. Achieved a 19% reduction in carbon intensity compared to 2019, nearing the 2026 greenhouse gas target.
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CCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 21, 2025 | $21.20 | $20.94 | -1.23% |
| Dec 20, 2024 | $25.18 | $26.80 | +6.43% |
| Sep 30, 2024 | $18.54 | $18.48 | -0.32% |
| Jun 25, 2024 | $16.39 | $17.82 | +8.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carnival (CCL) report earnings?
Carnival (CCL) is schdueled to report earning on Jun 19, 2025, TBA Not Confirmed.
What is Carnival (CCL) earnings time?
Carnival (CCL) earnings time is at Jun 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCL EPS forecast?
CCL EPS forecast for the fiscal quarter 2025 (Q2) is 0.24.
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