IB Net Payout Yields Model

Carnival Corporation: Big Q3 Coming Up

Update - Dec. 8, 2023

Carnival is already up over 30% since the last bullish call in late September and over 50% above the late October lows. The cruise lines are set to power ahead with massive earnings in 2024 and debt repayment will only further boost profits. CCL has at least a $2 to $3 EPS in out years. 

Finviz Chart

Original article posted on Sept. 27 

  • Carnival Corporation & plc is expected to report a strong quarter with a forecasted large profit after years of massive losses.
  • Carnival is focused on reducing its debt, with plans to repay $8 billion in the next 3 years based on strong cash flows.
  • The stock is cheap at 10x EV/EBITDA targets and with expectations for EPS to regain $2+ in the next few years.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
The cruise ship stocks have fallen the last couple of months, but Carnival Corporation & plc (NYSE:CCL) is set to report a blockbuster quarter on Friday. The market will quickly focus towards the level of positive cash flows in future years. My investment thesis is ultra Bullish on the stock following the dip in the stock price back below $14.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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