Wall Street analyst estimates for Carnival Corporation & plc (CCL): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector. Its extensive fleet of vessels navigates to nearly 700 different ports globally, sailing under a diverse portfolio of acclaimed brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard.
Consensus price target
$33.16 (+15 % vs price $28.83)
between $28.70 and $42.00 · 12 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $27.7B | $27.5B – $27.9B | $2.26 | 14 |
| 2027E | $28.6B | $28.2B – $29.2B | $2.58 | 18 |
| 2028E | $29.8B | $29.7B – $29.9B | $3.06 | 9 |
Fiscal year ending in November · figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 30 |
| Hold | 17 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 49 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-18 | $0.22 | ||
| 2026-09-29 | $1.43 | $1.35 | +5.9% |
| 2026-06-23 | $0.41 | $0.34 | +19.1% |
| 2026-03-27 | $0.20 | $0.18 | +8.5% |
| 2025-12-19 | $0.34 | $0.25 | +37.0% |
| 2025-09-29 | $1.43 | $1.32 | +8.3% |
| 2025-06-24 | $0.35 | $0.25 | +41.9% |
| 2025-03-21 | $0.13 | $0.03 | +381.5% |
Valuation Ratios
| P/E Ratio | 12.59 |
| Price / Book | 2.77 |
| EV / EBITDA | 8.63 |
| Dividend Yield | 1.56% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.39B | $17.51B | $18.88B | $20.82B | $5.59B | $1.91B | $12.17B | $21.59B | $25.02B | $26.62B |
| Cost of Revenue | $9.38B | $10.50B | $11.09B | $12.91B | $8.24B | $4.66B | $11.76B | $14.32B | $15.64B | $18.74B |
| Gross Profit | $7.01B | $7.01B | $7.79B | $7.92B | -$2.65B | -$2.75B | $412.0M | $7.28B | $9.38B | $7.88B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $2.20B | $2.27B | $2.45B | $2.48B | $1.88B | $1.89B | $2.52B | $2.95B | $3.25B | $3.40B |
| Operating Expenses | $3.94B | $4.20B | $4.47B | $4.64B | $6.21B | $4.34B | $4.79B | $5.32B | $5.81B | $3.40B |
| Operating Income | $3.07B | $2.81B | $3.33B | $3.28B | -$8.87B | -$7.09B | -$4.38B | $1.96B | $3.57B | $4.48B |
| EBITDA | $4.79B | $4.71B | $5.42B | $5.43B | -$7.12B | -$5.69B | -$2.20B | $4.37B | $6.23B | $6.91B |
| Interest Expense | $223.0M | $198.0M | $194.0M | $206.0M | $895.0M | $1.60B | $1.61B | $2.07B | $1.75B | $1.35B |
| Pre-tax Income | $2.83B | $2.67B | $3.21B | $3.06B | -$10.25B | -$9.52B | -$6.08B | -$62.0M | $1.92B | $2.77B |
| Income Tax | $49.0M | $60.0M | $54.0M | $71.0M | -$17.0M | -$21.0M | $14.0M | $13.0M | -$1.0M | $12.0M |
| Net Income | $2.78B | $2.61B | $3.15B | $2.99B | -$10.24B | -$9.50B | -$6.09B | -$74.0M | $1.92B | $2.76B |
| EPS | $3.73 | $3.61 | $4.45 | $4.34 | $-13.20 | $-8.46 | $-5.16 | $-0.06 | $1.50 | $2.10 |
| EPS (Diluted) | $3.72 | $3.59 | $4.44 | $4.32 | $-13.20 | $-8.46 | $-5.16 | $-0.06 | $1.44 | $2.02 |
| Shares Outstanding (Diluted) | 747.0 M | 725.0 M | 710.0 M | 692.0 M | 775.0 M | 1,123.0 M | 1,180.0 M | 1,262.0 M | 1,398.0 M | 1,402.0 M |
Price
| Price | $28.83 (closing price, October 30, 2026) |
| Market Cap | $38.8B |
| Exchange | NYSE |
| Country | US |
Related companies: LIND · RCL · VIK · NCLH
Explore sector: Consumer Cyclical · Travel Services
More sections of CCL: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks