Carnival Prepares for Fourth Quarter Pressure; Here are the latest forecast changes from Wall Street’s most accurate analysts – Carnival (NYSE:CCL)

Carnival Corporation CCL will report its fourth quarter financial results before the opening bell on Friday, December 20.

Analysts expect the Miami, Florida-based company to report quarterly profit of 7 cents per share, compared with a loss of 7 cents per share a year earlier. Carnival forecast quarterly revenue of $5.93 billion, compared to $5.4 billion a year ago, according to data from Benzinga Pro.

On September 30, Carnival reported third-quarter adjusted earnings of $1.27 per share, beating analysts’ estimates of $1.16 per share. The company reported quarterly revenue of $7.90 billion, compared to expectations of $7.83 billion.

Carnival shares rose 1.5% to close at $25.18 on Thursday.

Benzinga readers can access the latest analyst ratings by visiting our Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s take a look at how Benzinga’s most accurate analysts have rated the company recently.

• Wells Fargo analyst Daniel Politzer maintained an Overweight rating and raised the price target from $25 to $30 on Dec. 16. This analyst has an accuracy rate of 64%.
• Barclays analyst Brandt Montour maintained an Overweight rating and raised the price target from $26 to $31 on December 13. This analyst has an accuracy rate of 68%.
• Citigroup analyst James Hardiman maintained his Buy rating and increased the price target from $28 to $30 on December 11th. This analyst has an accuracy rate of 68%.
• Stifel analyst Steven Wieczynski maintained his Buy rating and increased the price target from $27 to $32 on December 10. This analyst has an accuracy rate of 71%.
• Goldman Sachs analyst Lizzie Dove maintained her Buy rating and raised the price target from $24 to $32 on December 10. This analyst has an accuracy rate of 67%.

Are you considering buying CCL stock? This is what analysts think:

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