Carnival stock appears to have more upside if bookings hold up and international growth remains strong
By Steven Russolillo
March 27, 2017
The smooth sailing should continue for Carnival Shares closed at a record Monday, having fully recovered from last year’s Zika-related concerns The world’s largest cruise-ship company has benefited from higher prices, strong bookings and low fuel costs. Improving consumer confidence and continued success overseas will likely keep buoying results, including on Tuesday when Carnival unveils its fiscal first-quarter report.
Analysts polled by FactSet estimate earnings of 35 cents a share for the period ending in February, down 4 cents from a year earlier. Revenue is expected to have increased 3.6% to $3.8 billion.
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