Get started
CARNIVAL CORPCARNIVAL CORPCARNIVAL CORP

CARNIVAL CORP

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

CCL1/N trade ideas

CCL - Big base break-out for Carnival Carnival is breaking out big base starting early 2022 to 2024. Recently Carnival released their earnings for their Q3 2024 (June-July-August), which is the best quarter for the industry. The company made 1.74 bln USD net income from 7.9 bln USD revenue in the quarter. For the current fiscal year, Carnival is expected to post earnings of $1.28 per share on $25.13 billion in revenues. For the next fiscal year, the company is expected to earn $1.62 per share on $26.03 billion in revenues. Citi analysts in a research note said the cruising industry is experiencing strong web traffic and positive pricing trends, particularly for bookings in 2025. They additionally raised Carnival's price target to $28 from $25 In terms of valuation, the stock currently trades at 15.8X current fiscal year EPS estimates, while peer industry average is 17.8X
NYSE:CCLLong
by murat_cal
Carnival Corporation (NYSE: CCL) Q3 Earnings PreviewAs Carnival Corporation (NYSE: CCL) prepares to report its Q3 earnings today, September 30th, 2024, before the market opens, investors are eager to see if the company can continue its positive momentum. Following a strong Q2 performance where Carnival beat analysts’ revenue estimates by 1.9%, the company has set high expectations for Q3. In this article, we will analyze both the technical and fundamental aspects of Carnival's stock, helping investors understand what to expect and how the market may react. Q3 Expectations and Broader Market Sentiment Carnival’s Q2 2024 earnings were a resounding success. The cruise giant reported revenues of $5.78 billion, up 17.7% year on year, surpassing expectations. Passenger cruise days also saw a significant increase, reaching 24.3 million, an 11.5% growth over the previous year. These solid figures reflected the company's resilience and recovery in a post-pandemic environment. For Q3, analysts expect revenues to grow by 14.1% year-on-year to $7.82 billion, albeit at a slower pace compared to the explosive 59.2% growth seen in Q3 2023. Adjusted earnings per share (EPS) are projected at $1.15. Analysts have largely reconfirmed their estimates for Carnival over the last month, suggesting confidence in the company’s ability to meet its guidance. However, Carnival has missed revenue expectations twice in the past two years, keeping investors cautious. Meanwhile, positive sentiment surrounding the consumer discretionary sector has driven average stock prices up by 4.9% in the past month, with Carnival outperforming the sector, climbing 14.6% over the same period. In terms of valuation, the average analyst price target for Carnival stands at $28, representing significant upside potential from its current share price of $18.72. With a healthy balance sheet, Carnival is also well-positioned for share buybacks, adding further value to shareholders if management chooses to repurchase shares at attractive levels. Technical Analysis: A Balanced Picture with Cautious Optimism From a technical perspective, Carnival’s stock has been in a generally bullish trend, currently trading above its key moving averages. As of this morning’s premarket session, NYSE:CCL is up 0.86%, showing investor confidence heading into the earnings release. The relative strength index (RSI) for CCL stock stood at 62 last Friday, indicating a positive sentiment but not yet at overbought levels. This suggests that there’s room for further gains if Carnival delivers strong earnings today. However, there are potential risks on the horizon. The stock has been trading in a rising channel pattern for some time, which is generally bullish, but recent candlestick formations indicate a possible cooldown. This has raised concerns about a near-term correction, especially if earnings disappoint. A negative earnings surprise could trigger a selloff, with the stock potentially dropping back to its recent 1-month lows. Conversely, a positive earnings beat could drive Carnival’s stock to new highs, pushing past resistance levels and potentially sparking further momentum as institutional investors pile in. The next critical resistance level sits around $22, while support is closer to $16.50. Industry Tailwinds: Cruise Sector Recovery Despite short-term technical concerns, Carnival remains well-positioned within the broader travel and cruise industry. Cruise demand has surged in 2024 as pent-up demand from the pandemic has fueled consumer interest in leisure travel. Carnival has capitalized on this by raising its FY2024 guidance and providing optimistic commentary on FY2025. In fact, many of Carnival's peers in the travel and cruise segment have reported similar trends, showing strong demand and improving profitability. Additionally, inflation has started to ease, and fuel costs, a significant expense for cruise operators, have remained relatively stable. This should benefit Carnival’s operating margins moving forward. Conclusion Carnival Corporation’s Q3 earnings report will serve as a critical indicator of the company’s future trajectory. While the company has shown resilience with strong revenue and passenger growth, the market will be watching closely to see if this momentum continues into the latter half of 2024. From a technical standpoint, the stock appears poised for further gains, but bearish signals warrant caution. A strong earnings beat could push NYSE:CCL to new highs, but a disappointing report may trigger a near-term pullback. Fundamentals remain solid with promising industry tailwinds and analyst confidence, making Carnival a stock to watch closely in the coming days. Investors should keep an eye on both the earnings report and the stock’s price action post-release to gauge market sentiment and adjust their strategies accordingly. Whether Carnival can continue its upward trajectory or faces short-term volatility, one thing is certain: all eyes are on the cruise giant as it sets sail into Q3 earnings.
NYSE:CCLLong
by DEXWireNews
Carnival Cruise Income StrategyI am watching $CCL. The trade plan is to scale into my position. planning on buying small share amounts daily until the price gets into my buy zone which is $14.00-$14.48.(where i plan i buying in blocks of 50-100 shares) $14 is a solid support for this stock and don't see any reason to keep the position if we break 2-2.5% below that. there is potential upside to the $18.80's That is POTENTIAL upside of 29% Also keeping an eye on the 19.54 resistance for a momentum breakout if we can break it. During the mean time i will be selling $20 covered calls (1 contract for every 200 shares i hold). i will selll the shares not committed to the options(covered call) if we get to the 18.80's Carnival will be reporting at the end of the month so keep an eye for this to move as we get into the busy season for the carribean. #coveredcalls #options #CCL #s&p AMEX:SPY
NYSE:CCLLong
by JTess
1
CCL, clearing pathway for an UPSIDE reversal..CCL is registering notable buying volume at the current price range. Accumulation for an upside valuation is certainly apparent. Key notes: - Weekly downtrend line break. - Weekly histogram higher lows creation - Significant Net buy / accumulation Expect some price growth from the current price levels of 9.0 TAYOR Safeguard capital always. ------------------------ Some Fundamental news for reference: Quarterly financials FEB 2023 (USD) Feb 2023 Y/Y Revenue 4.43B 173.14% Net income -693M 63.35% Diluted EPS -0.55 66.87% Net profit margin -15.63% 86.58% Operating income -171M 88.48% Net change in cash -546M 78.37% Cash on hand - - Cost of revenue 2.57B 74.98%
NYSE:CCLLong
by JSAL
16
Carnival Could Be SinkingCarnival has been rudderless all year, and now some traders may see downside risk in the debt-laden cruise-ship operator. The first pattern on today’s chart is the sideways drift following a sharp rally in November and early December. Its failure to make new highs -- even early in the year when the S&P 500 was breaking out -- may reflect weak sentiment. Second, the stock fell after results beat estimates on March 27. Does the market’s invisible hand see rougher waters ahead? Next, CCL retraced half the post-earnings slide. That may confirm direction is pointing lower. Fourth, stochastics are stalling near an overbought condition. Finally, the short- and long-term trends may be bearish. The 8-day exponential moving average (EMA) is below the 21-day EMA. Also notice how the 50-day simple moving average (SMA) is crossing below the 200-day SMA. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:CCL
by TradeStation