Summary:
- Carnival Corporation (CCL, Financial) sees a 10% increase in share value post-strong Q2 results.
- The company has raised its full-year guidance, expecting a 40% rise in net income.
- Analysts predict a potential upside, yet caution on fair value estimates suggest a downside risk.
Carnival Corporation (CCL) experienced a notable 10% rise in its share price, reaching a four-month peak. This surge follows the company's impressive fiscal second-quarter performance, which was highlighted by record revenue of $6.3 billion. Additionally, adjusted profit per share was reported at $0.35. These results have led the cruise line to revise its full-year guidance upwards, with net income anticipated to increase by 40% compared to earlier projections.
Wall Street Analysts' Forecast
In terms of stock predictions, 21 analysts provide a one-year price target for Carnival Corp (CCL, Financial) with an average target price of $28.46. The estimates range from a high of $34.00 to a low of $21.00. The average projection suggests a potential upside of 8.11% from the current price of $26.32. For more in-depth estimates, visit the Carnival Corp (CCL) Forecast page.
The consensus from 27 brokerage firms positions Carnival Corp's (CCL, Financial) average brokerage recommendation at 1.9, which is indicative of an "Outperform" status. The recommendation scale spans from 1 (Strong Buy) to 5 (Sell), providing insights into the stock's potential performance.
According to GuruFocus estimates, the projected GF Value for Carnival Corp (CCL, Financial) over the next year is $22.14. This estimation points to a downside risk of 15.88% from the current trading price of $26.32. The GF Value is an assessment of the stock's fair trading value, derived from historical trading multiples and projections of the company's future business performance. Detailed data and analysis are accessible on the Carnival Corp (CCL) Summary page.
