Why Carnival Stock Jumped 17.7% This Week
Shares of Carnival Corp. (NYSE: CCL) jumped as much as 17.7% this week after the company reported earnings, according to data provided by S&P Global Market Intelligence. Shares closed the week up 16.5%.
Carnival's revenue jumped 17.7% to $5.78 billion and earnings per share jumped from a loss of $0.31 a year ago to $0.11. But the bigger news was guidance.
Management now expects 2024 net yields to increase 10.25%, up from guidance for 9.5% given in March. And adjusted net income guidance increased by $275 million to $1.55 billion.
Source Fool.com
Carnival plc Stock
€14.78
4.960%
The community is currently still undecided about Carnival plc with 2 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 14 € is below the current price of 14.78 € for Carnival plc, so the potential is actually -5.25%.
