William Blair Reiterates Market Perform On Carnival Ahead Of Q3 EPS


In a research report issued yesterday, William Blair analyst Sharon Zackfia reiterated a Market Perform rating on Carnival Corporation (NYSE:CCL) , no price target provided.

Zackfia observed, “We expect fourth-quarter EPS guidance to encompass our estimate of $0.20 as well as consensus of $0.21. We expect overall net yields of 1.0% to 1.5% on a constant- currency basis, including positive North American yields as industrywide Caribbean capacity increases 13% (versus a 22% increase in the third quarter) and 5% to 6% for Carnival (versus a 19% increase in the third quarter). We also expect constant- currency net cruise costs (excluding fuel) to decline 2% to 3%, as the company laps heightened costs in the year-ago period, driven by a shift in the timing of expenses.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sharon Zackfia has a total average return of 19.7% and a 61.9% success rate. Zackfia is ranked #434 out of 3275 analysts.

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