Carnival Corporation & plc

NYSE:CCL Stock Report

Market Cap: US$21.4b

Carnival Corporation & Future Growth

Future criteria checks 3/6

Carnival & is forecast to grow earnings and revenue by 33.4% and 4.8% per annum respectively. EPS is expected to grow by 32.2% per annum. Return on equity is forecast to be 19.9% in 3 years.

Key information

33.4%

Earnings growth rate

32.2%

EPS growth rate

Hospitality earnings growth19.6%
Revenue growth rate4.8%
Future return on equity19.9%
Analyst coverage

Good

Last updated28 Mar 2024

Recent future growth updates

Recent updates

Carnival: Strong Profitability Expected In 2024

Mar 17

Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

Mar 11
Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

Carnival: Good Prospects But I Stay On The Sidelines

Feb 22

Carnival: Improving Fundamentals But Stock Remains A Hold

Feb 14

Here's What's Concerning About Carnival Corporation &'s (NYSE:CCL) Returns On Capital

Jan 25
Here's What's Concerning About Carnival Corporation &'s (NYSE:CCL) Returns On Capital

Carnival: Profits In Sight

Dec 27

What Carnival Corporation & plc's (NYSE:CCL) 28% Share Price Gain Is Not Telling You

Dec 20
What Carnival Corporation & plc's (NYSE:CCL) 28% Share Price Gain Is Not Telling You

Carnival: Time For A Pause Following A Likely Fiscal Q4 Loss

Dec 18

Carnival Corporation: Continued Recovery Ahead

Dec 05

Carnival Corporation & (NYSE:CCL) Use Of Debt Could Be Considered Risky

Nov 24
Carnival Corporation & (NYSE:CCL) Use Of Debt Could Be Considered Risky

Carnival: Despite Headwinds, Optimism Continues

Nov 23

Buying Carnival At This Dip Is Still Premature

Nov 07

Carnival: Will All The Debt Cause The Ships Sinking?

Oct 31

An Intrinsic Calculation For Carnival Corporation & plc (NYSE:CCL) Suggests It's 27% Undervalued

Oct 25
An Intrinsic Calculation For Carnival Corporation & plc (NYSE:CCL) Suggests It's 27% Undervalued

Returns On Capital At Carnival Corporation & (NYSE:CCL) Paint A Concerning Picture

Oct 10
Returns On Capital At Carnival Corporation & (NYSE:CCL) Paint A Concerning Picture

Buying Carnival Stock For The First Time In 3 Years

Oct 05

Carnival Corporation: Big Q3 Coming Up

Sep 27

Carnival Corporation: I Folded Early But There Are Still Concerns (Rating Upgrade)

Sep 19

Carnival: Appears Expensive Relative To Peers, Wait For A Better Entry Point

Aug 22

Worried That Carnival Will Hit An Iceberg

Aug 15

Is Carnival Corporation & (NYSE:CCL) Using Debt Sensibly?

Aug 13
Is Carnival Corporation & (NYSE:CCL) Using Debt Sensibly?

Carnival: High Debt Limits Investment Potential

Jul 23

Are Carnival Corporation & plc (NYSE:CCL) Investors Paying Above The Intrinsic Value?

Jul 08
Are Carnival Corporation & plc (NYSE:CCL) Investors Paying Above The Intrinsic Value?

Carnival: Price Can Rise Further (Rating Upgrade)

Jul 07

Carnival: This Ship Has Sailed

Jun 30

Carnival Stock: All Eyes On Cash Flows

Jun 23

Carnival Stock: Sell The Rip (Downgrade To Sell)

Jun 13

Carnival Seeing Improved Demand, But Debt Load Is Burdensome

Jun 06

Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

May 08
Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

Carnival: Polishing The Brass On The Titanic

Feb 14

Carnival: All Clear Sign

Feb 08

Health Check: How Prudently Does Carnival Corporation & (NYSE:CCL) Use Debt?

Jan 29
Health Check: How Prudently Does Carnival Corporation & (NYSE:CCL) Use Debt?

Carnival Corp. gains amid new long call at Hedgeye

Jan 27

Carnival: Its Recovery Program Is Already Priced In

Jan 06

Carnival Non-GAAP EPS of -$0.85 beats by $0.04, revenue of $3.84B misses by $110M

Dec 21

Carnival Corporation Stock Forecast For 2023: What To Watch For

Dec 08

Carnival stock slides 11% after the bell on $1B senior note offering

Nov 15

Carnival: Dividend Forgotten But A Multibagger Prospect

Nov 04

Carnival Corporation commences offering of $1.25B senior notes due 2028 for refinancing

Oct 18

Carnival: Sailing Into The Unknown

Oct 03

Carnival: 3 Reasons We're Bullish Into Q3 Earnings

Sep 26

Carnival Corporation: For Risk-Tolerant Investors Only

Aug 30

Carnival Corporation: The Perfect Storm

Aug 23

Carnival Has 2 Potential Buy Opportunities

Aug 14

Carnival stock slumps on pricing $1B stock offering

Jul 21

Earnings and Revenue Growth Forecasts

NYSE:CCL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
11/30/202626,2472,2943,798N/A16
11/30/202525,8031,8592,700N/A21
11/30/202424,5421,242527N/A19
2/29/202422,567405N/AN/AN/A
11/30/202321,593-749974,281N/A
8/31/202320,036-1,624-5483,242N/A
5/31/202317,488-3,467-2,4271,064N/A
2/28/202314,978-4,895-3,355-70N/A
11/30/202212,169-6,093-6,610-1,670N/A
8/31/20229,617-7,115-6,167-1,921N/A
5/31/20225,857-9,182-7,127-2,456N/A
2/28/20223,505-9,419-8,381-3,818N/A
11/30/20211,908-9,501-7,716-4,109N/A
8/31/2021655-9,103-10,234-5,393N/A
5/31/2021141-9,126-11,468-7,359N/A
2/28/2021832-11,428-12,788-8,720N/A
11/30/20205,594-10,236-9,921-6,301N/A
8/31/202010,342-7,591-7,468-3,588N/A
5/31/202016,843-2,952-3,574502N/A
2/29/202020,9411,8736495,275N/A
11/30/201920,8252,990465,475N/A
8/31/201920,5003,0601,1145,527N/A
5/31/201919,8032,9881,0625,631N/A
2/28/201919,3223,0972975,601N/A
11/30/201818,8813,1521,8005,549N/A
8/31/201818,6843,2052,0285,460N/A
5/31/201818,3632,8272,2745,560N/A
2/28/201817,9512,6452,3485,454N/A
11/30/201717,5102,606N/A5,322N/A
8/31/201717,1862,668N/A5,322N/A
5/31/201716,7682,762N/A5,302N/A
2/28/201716,5292,989N/A5,268N/A
11/30/201616,3892,779N/A5,134N/A
8/31/201616,1652,441N/A5,088N/A
5/31/201615,9512,233N/A4,940N/A
2/29/201615,8341,850N/A4,572N/A
11/30/201515,7141,757N/A4,545N/A
8/31/201515,7221,384N/A4,204N/A
5/31/201515,7861,409N/A4,043N/A
2/28/201515,8301,285N/A3,724N/A
11/30/201415,8841,216N/A3,430N/A
8/31/201415,8231,385N/A3,268N/A
5/31/201415,6021,078N/A2,951N/A
2/28/201415,4481,021N/A2,912N/A
11/30/201315,4561,055N/A2,834N/A
8/31/201315,3761,105N/A2,882N/A
5/31/201315,3341,501N/A3,097N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCL's forecast earnings growth (33.4% per year) is above the savings rate (2.3%).

Earnings vs Market: CCL's earnings (33.4% per year) are forecast to grow faster than the US market (13.5% per year).

High Growth Earnings: CCL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CCL's revenue (4.8% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: CCL's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCL's Return on Equity is forecast to be low in 3 years time (19.9%).


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