Carnival Corp. – Ordinary Shares (Paired Stock): What to Expect from Q2 Earnings Call

☀️Carnival Corp. – Ordinary Shares (Paired Stock) is set to release its Q2 earnings results on June 26th, 2023, at 10:00 AM EST. The company has been under scrutiny lately due to the ongoing pandemic situation and cruise brands facing unprecedented challenges. However, the latest data suggests that the company is performing better than anticipated in the past few months. In this article, we will analyze the latest data and provide insights on what to expect from Carnival Corp.’s upcoming earnings call.

Fundamental Analysis:

The fundamental analysis of Carnival Corp. – Ordinary Shares (Paired Stock) paints a mixed picture for the company. On one hand, the company has been able to strengthen its balance sheet by taking various cost-cutting measures and reducing cash outflow. On the other hand, however, it has been suffering from massive losses due to the pandemic situation and adverse economic conditions.

In the past year, the company has reported a net loss of $4.8 billion, which is a significant amount. The net loss was mainly due to the restrictions imposed on international travel, which negatively impacted the company’s financial performance. The company’s revenue also took a significant hit as it reduced by 52% from $16.2 billion in 2019 to $7.8 billion in 2020.

However, when we look at the current figures, we can see that things are beginning to look slightly better for the company. Carnival Corp.’s stock has increased by 83.5% in the last quarter, which indicates that investors are optimistic about the company’s future prospects. Additionally, the company has taken various steps to reduce its operating expenses and has started resuming its operations in some regions.

Technical Analysis:

When we examine Carnival Corp.’s – Ordinary Shares (Paired Stock) technical analysis, we will find that the stock’s price is currently trending upward. The company’s stock price has increased by 43.1% in the last month alone, indicating that investors have been bullish about the stock’s growth prospects.

Furthermore, technical indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), are suggesting that the stock is bullish. The MACD for Carnival Corp.’s – Ordinary Shares (Paired Stock) stock is currently showing an upward trend, which indicates that the company’s short-term momentum is positive. Additionally, the RSI is hovering around the overbought level, indicating that investors should be cautious about sudden price drops.

Historical Guidance:

Carnival Corp.’s – Ordinary Shares (Paired Stock) past financial performances provide some guidance on what to expect from the upcoming earnings call. The company has missed Wall Street’s earnings estimates for the past four quarters, with an average negative earnings surprise of 159.14%.

However, when we look at the latest estimates, we can see that analysts are more optimistic about the company’s second-quarter performance. According to MorningStar’s consensus estimates history, the company is expected to report an Adjusted EPS of -0.35, which is an improvement from the previous quarter’s -1.61 figure.

Analysts Estimates:

Analysts have been closely monitoring Carnival Corp.’s – Ordinary Shares (Paired Stock) performance due to its relevance in the cruise industry. Most analysts believe that the company’s Q2 earnings results will be better than expected, mainly because of the ongoing vaccination drives and the gradual reopening of different parts of the world.

A report by Zacks Equity Research predicts that Carnival Corp.’s Q2 earnings will likely surpass Wall Street’s estimates due to cost-saving initiatives and growing demand for cruises. The report also suggests that the company’s bookings have increased considerably, and it is well-positioned to capitalize on the post-pandemic recovery.

Conclusion:

In conclusion, Carnival Corp.’s – Ordinary Shares (Paired Stock) upcoming earnings call presents a mix of challenges and opportunities for the company. While the pandemic situation and the industry’s unpredictable nature have been challenging, analysts are optimistic about the company’s growth prospects in the post-pandemic era. Investors should pay attention to the latest figures and announcements during the earnings call to ensure they make informed investment decisions. The call should provide valuable insights into how the company plans to navigate the current challenges and capitalize on future opportunities.