Carnival (LON:CCL) Corporation
Consumer Discretionary - Hotels, Restaurants & Leisure
Carnival (NYSE:CCL) is scheduled to release its FQ2’18 earnings on Monday, before the market opens. The Estimize consensus predicts an EPS of $0.64, which would demonstrate a 15% EPS year-over-year growth rate and is 4 cents above the Wall Street consensus. Estimize projects revenue of $4.366B, whereas Wall Street predicts $4.333M in revenue. Carnival has beaten both revenue and EPS estimates consistently over recent quarters, so we expect these bullish estimates to be more accurate again this quarter.
As Americans have higher disposable incomes, Carnival cruises will continue to expand and prosper. Cruise Lines are positively correlated with disposable income levels, so if the economy continues to grow, it will be more profitable. Over recent years, the supply of cruise ships has continuously increased, and many have began to question whether demand will increase enough to keep up. Carnival is optimistic that demand for their services will grow as well.
How do you think Carnival will perform?