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Carnival Earnings Calls
| Release date | Jun 23, 2026 |
| EPS estimate | $0.350 |
| EPS actual | - |
| Revenue estimate | 6.688B |
| Revenue actual | - |
| Expected change | +/- 8.76% |
| Release date | Mar 27, 2026 |
| EPS estimate | $0.184 |
| EPS actual | $0.200 |
| EPS Surprise | 8.46% |
| Revenue estimate | 6.139B |
| Revenue actual | 6.165B |
| Revenue Surprise | 0.423% |
| Release date | Dec 19, 2025 |
| EPS estimate | $0.248 |
| EPS actual | $0.340 |
| EPS Surprise | 37.04% |
| Revenue estimate | 6.369B |
| Revenue actual | 6.33B |
| Revenue Surprise | -0.617% |
| Release date | Sep 29, 2025 |
| EPS estimate | $1.32 |
| EPS actual | $1.43 |
| EPS Surprise | 8.33% |
| Revenue estimate | 8.103B |
| Revenue actual | 8.153B |
| Revenue Surprise | 0.619% |
Last 4 Quarters for Carnival
Below you can see how CCL performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 29, 2025 |
| Price on release | $29.40 |
| EPS estimate | $1.32 |
| EPS actual | $1.43 |
| EPS surprise | 8.33% |
| Date | Price |
|---|---|
| Sep 23, 2025 | $30.71 |
| Sep 24, 2025 | $30.37 |
| Sep 25, 2025 | $30.48 |
| Sep 26, 2025 | $30.62 |
| Sep 29, 2025 | $29.40 |
| Sep 30, 2025 | $28.91 |
| Oct 01, 2025 | $28.36 |
| Oct 02, 2025 | $28.85 |
| Oct 03, 2025 | $28.57 |
| 4 days before | -4.27% |
| 4 days after | -2.82% |
| On release day | -1.67% |
| Change in period | -6.97% |
| Release date | Dec 19, 2025 |
| Price on release | $31.12 |
| EPS estimate | $0.248 |
| EPS actual | $0.340 |
| EPS surprise | 37.04% |
| Date | Price |
|---|---|
| Dec 15, 2025 | $28.60 |
| Dec 16, 2025 | $28.20 |
| Dec 17, 2025 | $28.03 |
| Dec 18, 2025 | $28.34 |
| Dec 19, 2025 | $31.12 |
| Dec 22, 2025 | $32.20 |
| Dec 23, 2025 | $31.66 |
| Dec 24, 2025 | $31.25 |
| Dec 26, 2025 | $30.70 |
| 4 days before | 8.81% |
| 4 days after | -1.35% |
| On release day | 3.47% |
| Change in period | 7.34% |
| Release date | Mar 27, 2026 |
| Price on release | $24.19 |
| EPS estimate | $0.184 |
| EPS actual | $0.200 |
| EPS surprise | 8.46% |
| Date | Price |
|---|---|
| Mar 23, 2026 | $25.45 |
| Mar 24, 2026 | $25.47 |
| Mar 25, 2026 | $25.73 |
| Mar 26, 2026 | $25.28 |
| Mar 27, 2026 | $24.19 |
| Mar 30, 2026 | $23.96 |
| Mar 31, 2026 | $25.88 |
| Apr 01, 2026 | $26.58 |
| Apr 02, 2026 | $25.64 |
| 4 days before | -4.95% |
| 4 days after | 5.99% |
| On release day | -0.95% |
| Change in period | 0.747% |
| Release date | Jun 23, 2026 |
| Price on release | - |
| EPS estimate | $0.350 |
| EPS actual | - |
| Date | Price |
|---|---|
| Jun 12, 2026 | $29.18 |
| Jun 15, 2026 | $30.12 |
| Jun 16, 2026 | $30.90 |
| Jun 17, 2026 | $29.91 |
| Jun 18, 2026 | $30.87 |
Carnival Earnings Call Transcript Summary of Q1 2026
Carnival reported a strong start to 2026, beating guidance in Q1 on higher yields, stronger onboard spend, better-than-expected cost performance and record customer deposits (~$8bn). Bookings remain robust (≈85% of 2026 sold) with momentum into future years and higher close-in demand. Management introduced a new long-term value-creation program called PROPEL (through 2029) targeting: >16% ROIC, >50% EPS growth vs. 2025, distribution of >40% of operating cash flow to shareholders (~$14bn) and a net debt/EBITDA target of 2.75x. They announced an initial $2.5bn share buyback authorization and plan measured capacity growth (only 3 ships during the PROPEL period), continued investments (~$15bn reinvestment), destination monetization and further cost discipline. Q1 net income was $275m (up >55% YoY). Full-year guidance: EPS $2.21, with operational improvements largely offset by a $0.38/share fuel headwind; sensitivity: a 10% change in fuel cost per metric ton affects EPS by $0.11 (≈$160m). Management emphasized ongoing focus on fuel consumption reductions, commercial execution (yields/onboard revenue), and opportunistic buybacks while maintaining financial strength and ESG targets.
