William Blair Has Negative Estimate for Carnival Q3 Earnings

Carnival Corporation (NYSE:CCL) – Stock analysts at William Blair lowered their Q3 2025 earnings estimates for Carnival in a research report issued on Tuesday, June 24th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $1.31 for the quarter, down from their previous forecast of $1.39. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival’s FY2026 earnings at $2.22 EPS.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share.

CCL has been the topic of several other research reports. Mizuho increased their price target on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup reaffirmed a “hold” rating on shares of Carnival in a report on Monday, June 23rd. Susquehanna raised their target price on shares of Carnival from $27.00 to $30.00 and gave the company a “positive” rating in a report on Wednesday. Hsbc Global Res raised shares of Carnival from a “moderate sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival in a report on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.53.

Carnival Stock Up 4.4%

Shares of CCL opened at $27.31 on Friday. The stock has a market capitalization of $31.86 billion, a PE ratio of 14.76, a P/E/G ratio of 0.60 and a beta of 2.58. Carnival has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.21 and a current ratio of 0.34. The company’s 50-day simple moving average is $22.24 and its 200-day simple moving average is $22.82.

Hedge Funds Weigh In On Carnival

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Carnival during the 1st quarter worth $838,000. Voya Investment Management LLC raised its stake in Carnival by 0.9% in the 1st quarter. Voya Investment Management LLC now owns 296,851 shares of the company’s stock valued at $5,798,000 after purchasing an additional 2,538 shares during the last quarter. Invst LLC acquired a new position in Carnival in the 1st quarter valued at about $422,000. Strs Ohio acquired a new position in Carnival in the 1st quarter valued at about $1,033,000. Finally, GK Wealth Management LLC raised its stake in Carnival by 18.3% in the 1st quarter. GK Wealth Management LLC now owns 15,291 shares of the company’s stock valued at $299,000 after purchasing an additional 2,368 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.