Carnival Corporation & plc ($CCL) Earnings (Q1 FY22)

Carnival Corporation & plc ($CCL) Earnings and Opinion:


Carnival Corporation is a company in the Consumer Cyclical sector and operates in the Travel Services industry. The company operates a leisure travel company, it is really known for the cruises they have to offer. Carnival was founded in 1972 and is currently headquartered in Miami, Florida. The company debuted on the stock market in 1987.

Carnival Corporation & plc EPS and Revenue (Q1 FY22):

  • EPS of -$1.66 missing expectations of -$1.23
  • Revenue of $1.62B missing expectations of $2.33B
  • EPS was up 7.7% (YOY) and Revenue was up over 6,000% (YOY) 
Carnival Corporation & plc Other Highlights:
  • 75% of company's capacity has resumed guest cruise operations
  • Company suffered loss of $1.9B this quarter
  • Company ended the quarter with $7.2B in liquidity 
Opinion:
Carnival Corporation & plc was one of the hardest hit stocks during the pandemic. The company revolves around the leisure travel industry, which saw practically no operations while people were hunkered down due to Covid-19. This doesn't take away from the fact that this is not a bad company. During normal operations, this is a company that thrives in the spring and summer seasons when families take cruises. It did see a huge drop from $50 a share to about $18 a share at the beginning of 2020. Since then, it has hovered around the $18 a share level and hasn't seen any big runs. I think this has to do a lot with the fact that the company hasn't been able to operate at a profit over the past couple years. With covid winding down, this could be a golden opportunity to get a position in this company. Revenue guidance wasn't the greatest, but with 75% of operations resuming, and hopefully a full 100% return by the summer season, I think this company could open a lot of eyes in the next earnings report. Personally, I do not have a position in this company. However, it holds a spot on my watchlist. I have watched this company ever since I started to get into the stock market. I think this company has a solid history and a reputable business, so therefore I think it could be a good long-term play. I am going to wait for them to get back to full operations before I pull the trigger though. I want to see what customer satisfaction will look like, as well as how they are able to make up for all the losses they suffered from the pandemic. 


*Information from Yahoo Finance and Carnival Corporation
*Estimates attained from Zacks

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