Carnival Corporation & plc (CCL) earnings on June 23, 2026
More Carnival Corporation & plc earnings
Prior outlook: No statistical edge
Carnival's stock fell after its earnings report, despite a record quarter. The price drop was influenced by global concerns, not the company's performance.
CCL price around the earnings
28.76
Change: -4.2%
2026-06-24, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Optimistic outlook but recent price drop
Analysts are optimistic about the company's future, pointing to strong earnings history and recent upgrades. However, the stock price has dropped sharply in the last few days, suggesting that good news may already be priced in.
Context analyzed before publication
- Summary
- Optimistic outlook but recent price drop
- Playbook
- The stock has fallen significantly over the past five days, even as analysts remain positive. This pattern often occurs when a stock is market review near a resistance level, meaning the scenario may be pessimistic in the short term.
- Trend
- Expert confidence declined sharply
Analysts
Drivers
- Analysts Positive
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.57
- Analysts covering the stock
- 24
- Average price target
- 35.05
- Lowest price target
- 28.7
- Highest price target
- 45
- Upside to price target
- 16.1%
- Revenue growth
- 6.1%
- Forward EPS
- 2.61
- Trailing EPS
- 2.27
- Analyst moves in the last 60 days
- 6
- Strong buy: 4
- Buy: 18
- Hold: 6
- Sell: 0
- Strong sell: 0
- Strong buy
- 4
- Buy
- 18
- Hold
- 6
- Sell
- 0
- Strong sell
- 0
- June 16, 2026 · Citigroup: Maintains rating (Buy → Buy)
- June 12, 2026 · Stifel: Maintains rating (Buy → Buy)
- June 3, 2026 · Freedom Broker: Initiates coverage (Buy)
- June 1, 2026 · Loop Capital: Initiates coverage (Buy)
- May 22, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- May 15, 2026 · TD Cowen: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Carnival, Primoris Services And 3 Stocks To Watch Heading Into Tuesday — Benzinga
- Carnival Cruise Face Texas Attorney General Paxton's Investigation Over Alleged Data Violation — Benzinga
- Top Four S&P 500 Stocks To Watch Next Week: MU, CCL, FDX, PAYX — Benzinga
- Carnival Stock Rises As Oil Prices Fall After MoU — Benzinga
- Citigroup Maintains Buy on Carnival, Raises Price Target to $37 — Benzinga
- Carnival Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call — Benzinga
Technicals
Drivers
-
Technical
Negative
The expert score dropped from 35.7 to 16.2 in just five days. The stock is near a resistance level at $30.41, and the optimistic trend is slowing down.
Evidence
- Average true range (ATR)
- 4.4%
- Distance to 52-week high
- -10.2%
- 14-day change (14d)
- +9.8%
- 30-day change (30d)
- +11.8%
- 30-day relative strength
- +11.8%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 30.17
- Nearest resistance
- 30.41
- Volume accumulation ratio (14d / 46d)
- 1.04
Trends
Evidence
- Average earnings surprise
- +25.4%
- March 27, 2026: actual EPS 0.2 vs estimate 0.18 (surprise +8.9%)
- December 19, 2025: actual EPS 0.34 vs estimate 0.25 (surprise +38.6%)
- September 29, 2025: actual EPS 1.43 vs estimate 1.32 (surprise +8.5%)
- June 24, 2025: actual EPS 0.35 vs estimate 0.24 (surprise +45.3%)
Expected move
Drivers
-
Past earnings
Positive
The company has beaten earnings expectations in each of the last four quarters, with an average surprise of 25.4%. This consistent performance provides a historical tailwind.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.8%
- 75th percentile move
- 7.2%
- 90th percentile move
- 10.4%
- Up / down moves
- 10 / 9
- Average up move
- +6.4%
- Average down move
- -5.6%
Monitoring and close
What Carnival Corporation & plc reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- -4.3%
- Max move
- -10.1%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.