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CCL
Benzinga
57 days

Carnival Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. CCL expects earnings of 24 cents per share, up from 11 cents last year. 2. Projected revenue is $6.21 billion, exceeding $5.78 billion from last year. 3. Carnival secured a $4.5 billion credit facility to extend its financial capacity. 4. Analysts have positive ratings, boosting price targets for CCL stock. 5. Recent share price closed at $23.77, reflecting a 0.7% increase.

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FAQ

Why Bullish?

CCL's positive earnings forecast and significant revenue growth indicate strong financial performance, akin to past recoveries in tourism stocks, like post-2010 after the recession.

How important is it?

The article highlights critical earnings forecasts and analyst ratings that can significantly influence CCL's stock performance.

Why Short Term?

Immediate earnings release can trigger short-term price movements, similar to past quarterly reports affecting CCL’s stock significantly.

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