Carnival Share Discussion Threads

[basem1] 27/6/2024 16:57

Is the word chav not from the last decade Come on guys keep up

[smurfy2001] 27/6/2024 16:05

RCL Earnings Date
Earnings announcement* for RCL

Jul 25, 2024

Royal Caribbean Cruises Ltd. Common Stock is estimated to report earnings on 07/25/2024. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 8 analysts' forecasts, the consensus EPS forecast for the quarter is $2.76. The reported EPS for the same quarter last year was $1.82.


NCLH Earnings Date
Earnings announcement* for NCLH

Aug 6, 2024

Norwegian Cruise Line Holdings Ltd. Ordinary Shares is estimated to report earnings on 08/06/2024. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 6 analysts' forecasts, the consensus EPS forecast for the quarter is $0.26. The reported EPS for the same quarter last year was $0.2.

[pierre oreilly] 27/6/2024 15:07

Well we've met 4 Dr Chavs and one Professor Chav up to now. Just been to Greig house tour including a Greig chav piano recital, and also Chav Munch painting tour. Stan, Try going somewhere else than the on board wetherspoons.

[smurfy2001] 27/6/2024 14:55

Carnival Corp Stock Be Worth Over Double Its Present Price More Based on Its Huge FCF



For one, we can project its adj. FCF over the next 12 months (NTM). For example, analysts now project revenue will hit $24.55 billion for the year ending Nov. 2024. And for next year, the estimate is 5.5% higher at $25.91 billion.

That implies its NTM run rate revenue will be $25.23 billion over the next 12 months. Therefore, if Carnival keeps making 22.5% of its revenue in adjusted FCF, it could end up making $5.677 billion in adj. FCF over the next 12 months.

Dividends Possible from FCF

That is more than enough to cover its upcoming principal debt payments. For example, the company said that as of May 31, 2024, its outstanding debt maturities for the remainder of the year, 2025, and 2026 were $1.2 billion, $1.7 billion, and $2.8 billion.

In other words, there will be more than enough FCF to begin making dividend payments like it used to in 2020. So far, the company has not said it will do so. But, if it announces this at the end of this fiscal year, expect to see CCL stock skyrocket.

[stansmith1] 27/6/2024 12:38

so you can cruise with like minded chavs? once the older boats are gone thats it

[tlobs2] 27/6/2024 11:21

Time to sell off some of the older inefficient ships whilst they still have a reasonable value. Chip away at that long term debt!

[tradejunkie2] 26/6/2024 13:14

Won't the big boys be buying in advance of paying dividends in future?

Cats think so..

So me thinks so...

[tradejunkie2] 26/6/2024 13:03

1400p will be cracked. I feel it in my waters. Waters, get it ha ha ha ha.

[the white house] 26/6/2024 09:38

Ship shape and Bristol fashion

[smurfy2001] 25/6/2024 20:59

Carnival CEO Josh Weinstein on positive Q2 earnings

Video interview:



Of note:

Long-Term Debt 27,154m a reduction of 1,329m from previous Q

[smurfy2001] 25/6/2024 18:19

Standard & Poor’s upgraded Carnival’s debt rating to BB after the results, leaving it now just two notches away from investment grade. Carnival has prioritized reducing its debt over expanding its fleet, paying off $6.6 billion in the past 15 months while its new-build order book fell to its lowest in decades.

Source: Bloomberg

[smurfy2001] 25/6/2024 16:45

Carnival stock climbs after earnings surprise

[pierre oreilly] 25/6/2024 16:18

Once again, proves the big ships are a licence to print money.I think maybe the cost cutting has gone a bit too far. No fruit teas, less choice in menus, no dancing yet advertised, ents really mixed, some first class others had most walk out ( a so called comedian who was embarrassingly bad - he even rugby tackled his stage victim who tried running out of the theatre). Food also very mixed, raw chicken served one day, very dangerous on a ship. Amazingly to me, the MDR menu usually features sausages in some guise. FFS!.A low 7/10, but still good enough for me to buy some more fcds.

[smurfy2001] 25/6/2024 16:08

UPDATE:

@ 1237p i'm currently at £9350 profit excluding costs.

My target is a MINIMUM of £30,000.

Wish me luck.

===

smurfy200 19 May '24 - 08:46 - 6118 of 6185 Edit

Time to get back into a trade in my ISA.

Buy 5000 @ 1050.

Not quite as low as wanted but path to recovery is looking good this year. I'm patient and will bare potentially further lows.

[smurfy2001] 25/6/2024 15:56

15% of the debt is variable rate.

[smurfy2001] 25/6/2024 15:15

CEO is super positive on the call. As a long term shareholder the future is exciting 2025 will be even better.

Two thirds the way to investment grade rating :)

A break above 1400p would be super bullish.

[smurfy2001] 25/6/2024 14:41

Carnival CEO Josh Weinstein said.
"While still early, the cumulative advanced booked position for full year 2025 is even higher than 2024 in both price (in constant currency) and occupancy."
Carnival now expects 2024 adjusted profit per share of about $1.18, compared with its earlier forecast of 98 cents per share.
The company also forecast an adjusted profit of $1.15 per share for the third quarter. Analysts had expected a profit of $1.10 per share, according to LSEG data.

LOOKING FORWARD, WE EXPECT SUBSTANTIAL FREE CASH FLOW

[smurfy2001] 25/6/2024 14:38

Regarding debt paid and restructuring.

These transactions simplified the company's capital structure and will reduce net interest expense by $55 million in 2024 and $85 million on an annualized basis.

[smurfy2001] 25/6/2024 14:23

Next quarter will be so goooood.

Going to make allot of cash on my trade, just hold and catch those waves… ☺️€149;❤️

[smurfy2001] 25/6/2024 14:15

Bang. Huge beat. Conf call later..

Net income was $92 million, or $0.07 diluted EPS, an increase of nearly $500 million compared to 2023. Adjusted net income of $134 million, or $0.11 adjusted EPS, outperformed March guidance by nearly $170 million, driven by higher ticket prices, higher onboard spending and the timing of expenses between quarters (see "Non-GAAP Financial Measures" below).

Record second quarter operating income of $560 million, nearly five times 2023 levels.

Record second quarter adjusted EBITDA of $1.2 billion, increasing over 75 percent compared to 2023 and outperforming March guidance by approximately $150 million (see "Non-GAAP Financial Measures" below).

Record second quarter revenues of $5.8 billion, with record net yields (in constant currency) and record net per diems (in constant currency) both significantly exceeding 2023 levels (see "Non-GAAP Financial Measures" below).

Gross margin yields increased by nearly 50 percent compared to 2023 and net yields (in constant currency) exceeded 2023 levels by over 12 percent.

Net per diems (in constant currency) were up over 6 percent compared to 2023, driven by both higher ticket prices and higher onboard spending.

Cruise costs per available lower berth day ("ALBD") increased 4.0 percent compared to 2023. Adjusted cruise costs excluding fuel per ALBD (in constant currency) were in line with prior year and better than March guidance in part due to identified cost savings with most of the favorability driven by the timing of expenses between the quarters (see "Non-GAAP Financial Measures" below).

Total customer deposits reached an all-time high of $8.3 billion, surpassing the previous record by $1.1 billion ($7.2 billion as of May 31, 2023).

[smurfy2001] 25/6/2024 13:19

Analysts see good times ahead for Carnival Corp, with an average price target of USD$21.43, signalling a 28% upside from current levels.


hxxps://www.etoro.com/news-and-analysis/etoro-updates/will-record-booking-volumes-steer-carnival-shares-higher/

[smurfy2001] 25/6/2024 12:29

Carnival PLC expected to post a loss of 1 cent a share – Earnings Preview
21 Jun 2024
Carnival PLC is expected to show a rise in
quarterly revenue when it reports results on June 25 for the period ending May 31 2024

The Southampton Hampshire-based company is expected to report a 16.7% increase in revenue to $5.733 billion from $4.91 billion a year ago, according to the mean estimate from 2 analysts, based on LSEG data.
​LSEG's mean analyst estimate for Carnival PLC is for a loss of 1 cent per share. The company's EPS guidance on March 27 2024, for the period ended May 31, was about USD-0.03
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell."
The mean earnings estimate of analysts had risen by about 2.0% in the last three months. ​
Wall Street's median 12-month price target for Carnival PLC is GBp1,450.00​, above​ its last closing price of GBp1,130.00. ​​​;
The company's guidance on March 27 2024 for the period ended May

[smurfy2001] 24/6/2024 13:12

Carnival (CCL) Q2 Earnings Report Preview: What To Look For



Carnival Stock Has a Lot to Prove This Week



Adjusted loss is expected to come in at -$0.02 per share.

Finger crossed they exceed and debt is on the way down.

[tradejunkie2] 24/6/2024 12:33

My kitty cats are purring.