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Carnival Corp: Riding High on Record Revenues
20 Dec, 2025
Summary
- Carnival Corporation is set to announce its fiscal Q4 2025 earnings on December 19.
- Analysts predict a significant profit increase for the current fiscal year.
- CCL stock has outperformed the S&P 500 and a key sector ETF over the past year.

Carnival Corporation & plc (CCL), a leading cruise company, is scheduled to release its fiscal Q4 2025 earnings before the market opens on Friday, December 19. Analysts are forecasting robust financial performance, with earnings per share projected to reach $0.25 for the quarter, marking a significant 78.6% increase from the prior year. This follows a trend of exceeding Wall Street expectations, as CCL has surpassed earnings estimates in each of the last four quarters.
For the current fiscal year, ending in November 2025, the outlook remains positive, with an expected profit of $2.17 per share, a 52.8% jump from fiscal 2024. Projections for fiscal 2026 indicate further growth, with EPS anticipated to reach $2.39. These forecasts are supported by a history of strong revenue generation, with the company reporting its tenth consecutive quarter of record revenues in Q3, reaching $8.2 billion.
Carnival's stock performance reflects this positive momentum, having gained 14.2% over the past 52 weeks, outperforming both the S&P 500 and the Consumer Discretionary Select Sector SPDR ETF. Wall Street analysts maintain a highly optimistic view, with an overall "Strong Buy" rating and a mean price target suggesting a potential 24.7% upside from current levels.




