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.
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.
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