Has the Tide Turned for Carnival Corp.?
Travel company Carnival Corp. (NYSE: CCL), best known for its portfolio of cruise ship lines, has struggled since the early days of the COVID-19 pandemic, when it fought for financial survival.
As life returned to normal, people resumed booking cruises, but, like a 1,000-foot cruise ship, financial results have been slow to change course. However, the news has been improving recently, and the future is again bright for Carnival Corp. Financial results from the company's most recent fiscal quarter gave investors reason to cheer.
Revenue for the fiscal quarter ended Feb. 29 was a record $5.4 billion. Bottom-line income increased more than $500 million from the year-ago quarter. Passenger booking revenue hit record levels during the quarter, driven by significantly higher pricing.
Source Fool.com
Carnival plc Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
However, we have a potential of -0.95% for Carnival plc as the target price of 13 € is below the current price of 13.13 €.
