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
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
With a target price of 13 € there is a slightly positive potential of 2.73% for Carnival plc compared to the current price of 12.66 €.
