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Carnival (GB:CCL)
LSE:CCL
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.6Last Year’s EPS
-11.1Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 20, 2024
|% Change Since: -5.00%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Carnival Corporation's strong financial performance, record-breaking revenues, and successful cost management. The company showed significant improvement in demand and booking trends, coupled with strategic investments in new destinations. Despite challenges such as geopolitical issues affecting itineraries and potential new charges in Mexico, the overall outlook remains positive with continued strong demand and yield growth anticipated for 2025.Company Guidance
During the Carnival Corporation and PLC Fourth Quarter 2024 Earnings Conference Call, several positive metrics were highlighted. The company reported a significant improvement in net income by over $250 million year-over-year, surpassing expectations by more than $125 million. Full-year revenues hit an all-time high of $25 billion, with cash from operations reaching nearly $6 billion. The annual yield increased by 11%, primarily due to higher prices, and ended the year nearly 250 basis points above initial guidance. The company also achieved all-time highs in yields, per diems, EBITDA, and operating income. Furthermore, Carnival's leverage metrics improved significantly, with a net debt to EBITDA ratio of 4.3 times, reflecting substantial deleveraging efforts. Looking ahead to 2025, the company anticipates yield growth exceeding 4% and strong booking trends, with advanced bookings at their longest windows on record for North American and European segments.Record Revenues and Strong Financial Performance
Carnival Corporation achieved record revenues for the seventh consecutive quarter with full-year revenues hitting an all-time high of $25 billion. Net income improved by over $250 million year-over-year, exceeding expectations by $125 million.
Strong Demand and Booking Trends
The company reported record booking trends and record customer deposits, with prices and occupancy higher for each quarter of 2025 compared to the previous year.
Yield and Cost Improvements
Full-year 2024 yield increased by 11%, with a majority of the increase attributable to higher prices. Unit costs came in 100 basis points better than original guidance due to cost savings initiatives and easing inflation.
Financial Leverage Reduction
Carnival reduced its debt by over $8 billion from its January 2023 peak and achieved a 4.3 times net debt to EBITDA ratio, improving leverage metrics significantly.
Sustainability Achievements
The company achieved a 17.5% reduction in greenhouse gas emissions intensity versus 2019, on track to achieve a 20% reduction by the end of 2026.
Positive Outlook for 2025
Expectations for 2025 include a yield growth exceeding 4% and a net income improvement of more than $400 million compared to 2024.
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GB:CCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:CCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 20, 2024 | 1821.00p | 1887.00p | +3.62% |
| Sep 30, 2024 | 1271.50p | 1218.00p | -4.21% |
| Jun 25, 2024 | 1144.00p | 1251.00p | +9.35% |
| Mar 27, 2024 | 1216.00p | 1236.50p | +1.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carnival (GB:CCL) report earnings?
Carnival (GB:CCL) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Carnival (GB:CCL) earnings time?
Carnival (GB:CCL) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Carnival stock?
The P/E ratio of Carnival is N/A.
What is GB:CCL EPS forecast?
GB:CCL EPS forecast for the fiscal quarter 2025 (Q1) is 1.6.
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