最新ニュース Carnival (NYSE:CCL) 株価情報

Carnival

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

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運輸長官ピート・バティジェヂ氏は、ハリケーン「ベリル」の交通機関への影響について懸念を表明し、特に活発なハリケーン季節の開始に伴う飛行機の運行について懸念を示した。このハリケーンは、現在、大きな破壊をもたらしており、カリブ海への旅行にも影響を及ぼすと予想されている。

ドミニカ共和国周辺のハリケーン　運輸と飛行機に影響

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月曜日、米国の主要株価指数は反発しました。ダウ平均株価は0.7％以上の上昇で39,411.21ドルで終了し、一方でS&amp;P500は0.3％減の5,447.87ドルでした。ナスダックは約1.1％減の17,496.82でした。

Nvidiaが米国の主要株価指数を牽引　

Carnival Corp

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CARNIVAL ORD

Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares are trading lower by 2.46% to $17.28 during Thursday&#8217;s session. Shares of travel and hotel-related stocks are trading lower amid heightening <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149223/markets-turn-risk-off-as-israel-iran-clash-investors-rightly-fearful-of-oil-disrupt">geopolitical tensions</a> after Iran this week launched a missile attack on Israel, which could impact global travel demand.
Carnival stock is volatile this week after the company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122225/carnival-posts-strong-q3-earnings-analysts-suspect-some-conservatism-built-into-q4-">third-quarter earnings</a>. The aftermath of <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene</a> has also impacted areas in the southeastern U.S., including Florida, a major hub for Carnival&#8217;s operations.
Ports in the region could be closed or inaccessible due to storm damage, causing delays, cancellations or rerouting of cruises. This could directly affect revenues and increase costs for managing these changes.
Consumer Behavior and Demand: The destruction and aftermath of a hurricane often cause a dip in consumer spending on discretionary items like vacations. Potential customers from affected regions may delay or cancel travel plans. Additionally, travelers may hesitate to book cruises during hurricane season due to future storm concerns.
What Happened: Carnival stock has dropped this week following escalating tensions in the Middle East after Iran launched a major missile strike on Israel, marking one of the largest attacks in Israeli history. The geopolitical crisis has triggered heightened concerns over global stability, oil price volatility and its potential impact on the travel and leisure sector.
The United Nations Security Council convened an emergency session Wednesday to discuss the escalating violence between Israel, Lebanon, and Iran, which threatens to spiral into a broader regional conflict.
Read Also: <a href="https://www.benzinga.com/general/education/24/10/41166723/how-many-evs-has-tesla-delivered-produced-each-quarter-a-look-at-the-results-since-2019">How Many EVs Has Tesla Delivered, Produced Each Quarter? A Look At The Results Since 2019</a>
Israeli officials reported that hundreds of missiles were fired, with most intercepted by defense systems; ground operations against Hezbollah militants in Lebanon resulted in casualties on both sides. As markets react to this crisis, stocks across various sectors feel the shockwaves, including Carnival.
What Else: Carnival, one of the world's largest cruise operators, is highly sensitive to fluctuations in oil prices, which are spiking in response to the turmoil. The company&#8217;s fleet of over 90 ships heavily relies on fuel, making it vulnerable to rising energy costs.
Following the missile attack, oil prices surged as investors braced for potential disruptions to Middle East oil supplies. A prolonged conflict could drive higher fuel prices, severely impacting Carnival's operating costs and profit margins. Any sustained increase in oil prices may raise Carnival's expenses, thus squeezing profit margins and eroding investor confidence.
Additionally, geopolitical uncertainty tends to have a dampening effect on global travel demand. With the possibility of a wider war in the Middle East, coupled with increasing fears of terrorism and instability, consumer sentiment towards international travel may wane. 
Read Also: <a href="https://www.benzinga.com/news/24/10/41165162/china-stocks-are-cooling-off-thursday-whats-going-on">China Stocks Are Cooling Off Thursday: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Is CCL A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/CCL">Carnival</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/CCL">Carnival</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, CCL has a 52-week high of $19.74 and a 52-week low of $10.84.

What's Going On With Carnival Stock?

Macquarie analyst Paul Golding maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Outperform and raises the price target from $25 to $26.

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Analyst Ratings

Macquarie Maintains Outperform on Carnival, Raises Price Target to $26

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after Iran launched a missile attack on Israel, which could impact global travel demand.

Barclays analyst Brandt Montour maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Overweight and raises the price target from $25 to $26.

Barclays Maintains Overweight on Carnival, Raises Price Target to $26

Shares of Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) tanked in early trading on Tuesday, even after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/41095980/carnival-q3-earnings-15-topline-growth-record-operating-income-guidance-boost-and-more">upbeat third-quarter earnings</a>.
The Miami-based company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59e8ba80efacff0001417468/patrick-scholes">analyst Patrick Scholes</a> reiterated a Hold rating and price target of $20.</li>
<li>Morgan Stanley <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a0a0078efacff00012b192a/jamie-rollo">analyst Jamie Rollo</a> maintained an Underweight rating, while raising the price target from $15.00 to $16.50.</li>
<li>Stifel <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e84a1b9387cff00014945da/steven-wieczynski">analyst Steven M. Wieczynski</a> reaffirmed a Buy rating and price target of $27.</li>
<li>JPMorgan Chase <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586bcbd9351b9b0001ab738c/matthew-boss">analyst Matthew Boss</a> reiterated an Overweight rating on the stock.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Truist Securities: Carnival reported strong quarterly results, with adjusted earnings of $1.27 per share surpassing consensus of $1.17, with the beat being driven by better-than-expected costs, Scholes said in a note. Ticket revenues missed consensus projections by a small margin, he added.
"Looking at 4Q guide, Yields (revenues) look slightly lower than Street expectations and operating costs look slightly higher," the analyst wrote. The fourth quarter is unlikely to be as strong as the third, "though we suspect there is some conservatism built into guidance as is usually the case for cruise companies," he further stated.
Morgan Stanley: Management projected net revenue yields of 5.0% for the fourth quarter, which fell short of expectations, Rollo said. The full-year guidance moves from 4.5% to 3.5%, driven mainly by better-than-expected cost savings, he added.
"While the cruise booking environment remains stronger than other travel segments, and CCL has the benefit of fuel and currency moving in its favour, it has an asset heavy model with high operating and financial leverage, so every 1% on revenue yield is ~10% to EPS, leaving it relatively more exposed to a slowdown than other names under our coverage," the analyst further wrote.
Stifel: "We got a solid beat, positive forward commentary, and revised guidance that still seems conservative," Wieczynski said in a note. While there are concerns around pricing erosion and elevated costs in 2025, Carnival has strong bookings and its earnings for that year "could end up with a two-handle," he added.
If the current trends and demand continue, with fuel and currency impact being favorable, the company may record more than $2 per share in earnings in 2025, the analyst stated. "2025/early-2026 booking commentary remains encouraging and there is nothing we can see today that would make us believe demand/spending is slowing," he further wrote.
JPMorgan: Carnival reported an earnings beat for the third quarter, with "upside across both the top and bottom line," Boss said. The company has "high-margin, same ship yield growth" and an "even stronger base of business for 2025," he added.
"Importantly, both ticket prices and onboard spending is up mid-single digits," the analyst wrote. Management raised their full-year 2024 guidance to $1.33, significantly higher that Street expectations, he further stated.
Price Action: Shares of Carnival had declined by 3.2% to $17.90 at the time of publication on Tuesday.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41102419/why-royal-caribbean-cruises-rcl-shares-are-falling">Why Royal Caribbean Cruises (RCL) Shares Are Falling</a></li>
</ul>
Image: Pixabay

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Carnival Posts Strong Q3 Earnings, Analysts Suspect 'Some Conservatism Built Into Q4 Guidance'

Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares are trading lower Tuesday. The company reported its third-quarter earnings on Monday and issued weaker-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/41095980/carnival-q3-earnings-15-topline-growth-record-operating-income-guidance-boost-and-more">guidance for the fourth quarter</a>.
What To Know:
Carnival beat analysts third-quarter expectations on the top and bottom lines. However, the company said it sees fourth-quarter earnings of 5 cents per share, below the consensus estimate of 7 cents per share.&nbsp;
Following the print, Mizuho analyst Ben Chaiken maintained Carnival&#8217;s stock with an Outperform rating and raised the price target from $25 to $26. Morgan Stanley <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">maintained</a> an Underweight rating, but raised the price target from $15 to $16.50.
Read Next: <a href="https://www.benzinga.com/news/24/09/41104861/elon-musk-tesla-win-dismissal-of-full-self-driving-claims-judge-tosses-lawsuit">Elon Musk, Tesla Win Dismissal Of Full-Self Driving Claims: Judge Tosses Lawsuit</a>
Carnival's stock fell immediately after the earnings release, but climbed back steadily through Monday's session. The stock is pulling back Tuesday on above-average volume as investors digest the company's guidance and updated price targets. 
Broader markets are down <a href="https://www.bloomberg.com/news/articles/2024-10-01/us-says-iran-preparing-to-attack-israel-with-ballistic-missiles?srnd=homepage-americas&amp;sref=TBDibEcD">on reports</a> suggesting Iran may be preparing an attack on Israel which could lead to additional uncertainty in the region and global markets.&nbsp;&nbsp;
<h3 class="wp-block-heading">Will CCL Stock Go Up?</h3>
When trying to assess whether or not Carnival will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $22.07 on Carnival. The Street high target is currently at $27 and the Street low target is $15. Of all the analysts covering Carnival, 4 have positive ratings, one has a neutral rating and 2 have negative ratings.
In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Carnival have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Carnival is 4.31% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Carnival, visit <a href="https://www.benzinga.com/quote/CCL">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
CCL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Carnival shares are down 4.25% at $17.70 at the time of publication Tuesday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/41105531/what-happened-with-trump-media-technology-stock-today">What Happened With Trump Media &amp; Technology Stock Today?</a></li>
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Image: Viola from Pixabay

Editor&#8217;s Note: This story has been updated to correct an error in the reported estimate for Carnival&#8217;s fourth-quarter earnings. 
Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock slid Monday following the <a href="https://www.benzinga.com/pressreleases/24/09/n41093143/carnival-corporation-plc-reports-record-setting-operating-results-outperforms-third-quarter-guidan" target="_blank" rel="noreferrer noopener">third-quarter print</a>.
The company reported third-quarter adjusted EPS of $1.27,&nbsp;beating the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.16.</a>
Carnival reported quarterly sales of $7.90 billion,&nbsp;up 15.2% year over year, beating the street view of $7.83 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40879412/cruise-stocks-to-sail-smoothly-into-2025-analyst-sees-zero-signs-of-softening" rel="noreferrer noopener">Cruise Stocks To Sail Smoothly Into 2025: Analyst Sees &#8216;Zero Signs Of Softening&#8217;</a>
The company registered an operating income of&nbsp;$2.2 billion, up by 34% Y/Y. Adjusted EBITDA in the quarter under review pegs at $2.8 billion, up 25% Y/Y.
The company continues to experience strong bookings momentum driven by booking volumes for 2025 sailings. The company ended the quarter with&nbsp;$4.5 billion&nbsp;of liquidity.
&#8220;Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years,&#8221; commented Carnival Corporation &amp; plc&#8217;s Chief Executive Officer&nbsp;Josh Weinstein.
Outlook:&nbsp;Carnival&nbsp;projects fourth-quarter net yields (in constant currency) up approximately&nbsp;5.0%.
It expects fourth-quarter adjusted EPS of $0.05, versus the estimate of $0.07. It expects fourth-quarter adjusted EBITDA of approximately $1.14 billion, up 20% Y/Y.
For 2024, the company expects net yields &nbsp;(in constant currency) up approximately 10.40% Y/Y (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39481992/carnival-rides-the-wave-strong-bookings-and-robust-q2-earnings-boost-outlook" rel="noreferrer noopener">prior view: 10.25%</a>). Carnival expects adjusted EPS of $1.33 (prior view: $1.18), above the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $1.21</a>. It projects adjusted EBITDA of approximately&nbsp;$6.0 billion, up 40% Y/Y (prior view: $5.83 billion).
Carnival&nbsp;stock is up over 32% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>) and iShares Russell Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWR#NYSE">IWR</a>).
Price Action: CCL stock is down 2.08% to $18.16 at last check Monday.
Image: Viola from Pixabay
Also Read:
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<li><a href="https://www.benzinga.com/general/travel/24/09/40835139/cruise-industry-sees-steady-rise-in-web-traffic-while-other-travel-sectors-decline" target="_blank" rel="noreferrer noopener">Cruise Industry Sees Steady Rise In Web Traffic While Other Travel Sectors Decline</a></li>
</ul>

Earnings

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Carnival Q3 Earnings: 15% Topline Growth, Record Operating Income, Guidance Boost And More (CORRECTED)

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after a report suggesting Iran could be preparing to attack Israel. This could negatively impact travel demand.

Mizuho analyst Ben Chaiken maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Outperform and raises the price target from $25 to $26.

Mizuho Maintains Outperform on Carnival, Raises Price Target to $26

Morgan Stanley analyst Jamie Rollo maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Underweight and raises the price target from $15 to $16.5.

Morgan Stanley Maintains Underweight on Carnival, Raises Price Target to $16.5

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index moving to the &#8220;Extreme Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the S&amp;P 500 recording its first positive September month since 2019. In the month, the Dow Jones gained 1.9%, while the Nasdaq rose 2.7%. The S&amp;P 500 jumped 2%, recording its first positive September month since 2019.
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) posted better-than-expected quarterly earnings. EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares jumped around 83% on Monday after Mobix Labs submitted an all-cash offer to acquire the company for $3.80 per share.
On the economic data front, the Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, real estate, and communication services stocks recording the biggest gains on Monday. However, consumer discretionary and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 17 points to 42,330.15 on Monday. The S&amp;P 500 rose 0.42% to 5,762.48, while the Nasdaq Composite climbed 0.38% at 18,189.17 during Monday's session.
Investors are awaiting earnings results from Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), McCormick &amp; Company, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), and NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 75.5, the index moved to the &#8220;Extreme Greed&#8221; zone on Monday, versus a prior reading of 72.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
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Long Ideas

EMKR

S&P Records First Positive September Since 2019 Amid Improving Investor Sentiment: Fear Index Moves To 'Extreme Greed' Zone

Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) shares are seeing downward pressure Monday, possibly stemming from Carnival Corporation&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) Q3 earnings report. While Carnival showed strong year-over-year growth in revenue and record operating income, its forth-quarter adjusted EPS guidance came in lower than expected. Here&#8217;s <a href="https://www.benzinga.com/news/earnings/24/09/41095980/carnival-q3-earnings-15-topline-growth-record-operating-income-guidance-boost-and-more">what you need to know</a>.
<h3 class="wp-block-heading">Carnival's Q3 Earnings Recap:</h3>
<ul>
<li>Adjusted EPS of $1.27 beat the consensus estimate of $1.16.</li>
<li>Revenue of $7.90 billion grew 15.2% year-over-year, surpassing expectations of $7.83 billion.</li>
<li>Operating income surged by 34% to $2.2 billion, while adjusted EBITDA rose 25% to $2.8 billion.</li>
<li>Outlook: Carnival's Q4 adjusted EPS guidance is 5 cents, significantly below estimates.</li>
</ul>
<h3 class="wp-block-heading">What Else: </h3>
<ol>
<li>Analyst Sentiment: Cantor Fitzgerald&#8217;s Deepak Mathivanan reiterated an Underweight rating on Airbnb with a $94 price target. </li>
<li>Rising Short Interest: Airbnb&#8217;s short interest has increased by 8.25% recently, now totaling 14.31 million shares sold short or 3.28% of its float. </li>
</ol>
ABNB Price Action: Airbnb shares were down 1.41%, trading at $126.44 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30151143/ABNB-1024x544.png" alt="" class="wp-image-573150" style="width:527px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30151143/ABNB-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30151143/ABNB-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30151143/ABNB-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30151143/ABNB.png 1075w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image via Shutterstock.

Why Are Airbnb Shares Trading Lower Today

Royal Caribbean Cruises Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) shares are trading lower by 2.2% to $173.60 during Monday&#8217;s session. Shares of cruise stocks are trading lower in sympathy with Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), which issued guidance <a href="https://www.benzinga.com/news/earnings/24/09/41095980/carnival-q3-earnings-15-topline-growth-record-operating-income-guidance-boost-and-more">below estimates</a>.
What Happened: Royal Caribbean saw its stock decline on Monday following the release of Carnival&#8217;s third-quarter earnings, despite Carnival reporting better-than-expected results. 
Carnival&#8217;s earnings report highlighted a strong quarter, with adjusted earnings per share of $1.27, surpassing analyst expectations of $1.16, and quarterly sales of $7.90 billion, up 15.2% year-over-year. 
Despite these positive figures, the market's focus shifted to Carnival's weaker-than-expected fourth-quarter guidance, which raised concerns about the broader cruise industry, leading to declines in Royal Caribbean&#8217;s stock.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41100587/s-p-500-etf-titans-drive-691b-in-2024-inflows-nasdaq-bitcoin-etfs-close-behind">S&amp;P 500 ETF Titans Drive $691B In 2024 Inflows: Nasdaq, Bitcoin ETFs Close Behind</a>
Royal Caribbean, as one of the largest cruise operators in the world, often moves in tandem with its major competitors like Carnival. With Carnival projecting fourth-quarter adjusted earnings per share of just 5 cents—significantly below analyst estimates of $1.16—investors became wary of broader industry challenges heading into the traditionally slower winter season. 
Carnival's cautious outlook for the coming quarter, despite solid bookings and liquidity, suggests that the cruise industry may face lingering pressures, including rising operating costs, fuel price volatility, and economic uncertainty that could weigh on profitability.
What Else: Royal Caribbean has been riding a wave of post-pandemic recovery, with demand for cruises rebounding sharply as consumers sought leisure travel after years of restrictions. The company, known for its luxury and innovative cruise offerings, such as the world's largest cruise ship, Icon of the Seas, has seen strong bookings and record demand for 2024 sailings. 
However, the news from Carnival indicated that despite high occupancy levels and solid forward bookings, near-term earnings could be pressured by rising expenses, such as fuel costs and inflationary pressures on labor and supply chains.
Royal Caribbean&#8217;s stock has benefited from a booming travel industry, with many analysts expecting continued strength in consumer demand for cruises. However, the lower-than-expected earnings guidance from Carnival cast a shadow over these expectations, prompting fears that Royal Caribbean may also face margin compression in the final quarter of 2024. 
Investors appear to be anticipating that similar cost challenges could affect Royal Caribbean&#8217;s upcoming earnings, given that both companies operate in the same competitive and cost-sensitive industry.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike">Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears</a>
<h2 class="wp-block-heading">How To Buy RCL Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Royal Caribbean Group&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, RCL has a 52-week high of $184.41 and a 52-week low of $78.35.

Why Royal Caribbean Cruises (RCL) Shares Are Falling

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 300 points during on Monday.
The Dow traded down 0.71% to 42,012.42 while the NASDAQ fell 0.52% to 18,026.03. The S&amp;P 500 also fell, dropping, 0.45% to 5,712.53.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/41091653/how-to-earn-500-a-month-from-mccormick-stock-ahead-of-q3-earnings">How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Communication services shares fell by just 0.1% on Monday.
In trading on Monday, materials shares dipped by 1.3%.
Top Headline
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) posted better-than-expected quarterly earnings.
Carnival posted adjusted earnings of $1.27 per share, beating analysts' estimates of $1.16 per share. The company posted quarterly sales of $7.90 billion versus expectations of $7.83 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) shares shot up 9% to $22.95. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) got a boost, surging 13% to $3.9140 after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of high value programs.</li>
<li>EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares were also up, gaining 74% to $2.10 after Mobix Labs submitted an all-cash offer to acquire the company for $3.80 per share.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Prothena Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) shares dropped 15% to $17.01. Prothena announced leadership team updates. Cantor Fitzgerald analyst Charles Duncan reiterated Prothena with an Overweight rating.</li>
<li>Shares of Heritage Insurance Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NASDAQ">HRTG</a>) were down 20% to $12.44.</li>
<li>Stellantis N.V. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) was down, falling 13% to $13.91 after the company lowered its FY24 guidance.</li>
</ul>
Commodities In commodity news, oil traded down 0.1% to $68.12 while gold traded down 0.4% at $2,656.90.
Silver traded down 1.5% to $31.33 on Monday, while copper fell 1.1% to $4.5490.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 0.98%, Germany's DAX fell 0.76% and France's CAC 40 dipped 2.00%. Spain's IBEX 35 Index fell 0.76%, while London's FTSE 100 fell 1.01%.
The British economy grew by 0.5% on quarter during the second quarter, down from 0.7% in the first quarter, while the UK's current account deficit widened to £28.4 billion in the second quarter, versus a revised £13.8 billion in the prior quarter. Net consumer credit in the U.K. rose by £1.3 billion in August, from £1.2 billion in the previous month. German import prices increased by 0.2% year-over-year in August compared to a 0.9% rise in July.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 dipping 4.80%, Hong Kong's Hang Seng Index jumping 2.43%, China's Shanghai Composite Index gaining 8.06% and India's BSE Sensex falling 1.49%.
Japan&#8217;s housing starts fell by 5.1% year-over-year in August compared to a 0.2% decline in the prior month, while industrial production fell by 3.3% month-over-month in August. Retail sales in Japan climbed by 2.8% year-over-year in August.
The official NBS Non-Manufacturing PMI in China fell to 50.0 in September from 50.3 in the prior month, while official NBS Manufacturing PMI climbed to 49.8 in September from 49.1 in August.
Economics
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2.
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<li><a href="https://www.benzinga.com/news/24/09/41064318/top-3-real-estate-stocks-that-are-preparing-to-pump-this-month">Top 3 Real Estate Stocks That Are Preparing To Pump This Month</a></li>
</ul>

Eurozone

Commodities

Intraday Update

HRTG

PRME

PRTA

STLA

Dow Dips 300 Points; Emcore Shares Spike Higher

Carnival shares are trading lower following Q3 earnings.

Events

Live On CNBC, Carnival CEO Josh Weinstein Discusses Growth Strategy

Carnival Executive Says 'New-To-Cruise' Segment Up 17% During The Quarter

High-rolling investors have positioned themselves bullish on Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Carnival. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $33,000, and 7 calls, totaling $518,532.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $19.0 for Carnival during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carnival's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carnival's significant trades, within a strike price range of $12.5 to $19.0, over the past month.
<h3>Carnival Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727706646_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$0.75</td>
<td>$0.73</td>
<td>$0.73</td>
<td>$17.50</td>
<td>$242.1K</td>
<td>1.6K</td>
<td>8.3K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$0.86</td>
<td>$0.83</td>
<td>$0.85</td>
<td>$17.50</td>
<td>$65.3K</td>
<td>1.6K</td>
<td>11.9K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.52</td>
<td>$1.5</td>
<td>$1.52</td>
<td>$19.00</td>
<td>$64.6K</td>
<td>9.3K</td>
<td>569</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$1.01</td>
<td>$0.98</td>
<td>$1.01</td>
<td>$17.50</td>
<td>$50.5K</td>
<td>1.6K</td>
<td>12.8K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$4.95</td>
<td>$4.85</td>
<td>$4.95</td>
<td>$12.50</td>
<td>$34.1K</td>
<td>1</td>
<td>86</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.
<h3>Where Is Carnival Standing Right Now?</h3>
<ul>
<li>With a trading volume of 21,317,495, the price of CCL is down by -3.86%, reaching $17.82.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 0 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Carnival</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $26.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Stifel persists with their Buy rating on Carnival, maintaining a target price of $27. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Carnival with a target price of $25. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carnival options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Decoding Carnival's Options Activity: What's the Big Picture?

Carnival Executive Says We Expect 688 Dry Dock Days In 2025, An Increase Of 17% YoY

U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 200 points during on Monday.
Following the market opening Monday, the Dow traded down 0.55% to 42,079.06 while the NASDAQ rose 0.14% to 18,144.66. The S&amp;P 500 also fell, dropping, 0.14% to 5,730.18.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/41091653/how-to-earn-500-a-month-from-mccormick-stock-ahead-of-q3-earnings">How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Consumer staples shares jumped by 0.3% on Monday.
In trading on Monday, materials shares fell by 0.6%.
Top Headline
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) posted better-than-expected quarterly earnings.
Carnival posted adjusted earnings of $1.27 per share, beating analysts' estimates of $1.16 per share. The company posted quarterly sales of $7.90 billion versus expectations of $7.83 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares shot up 166% to $0.2397.</li>
<li>Shares of XChange TEC.INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) got a boost, surging 142% to $2.36.</li>
<li>EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares were also up, gaining 73% to $2.08 after Mobix Labs submitted an all-cash offer to acquire the company for $3.80 per share.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Nano Labs Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares dropped 30% to $0.71.</li>
<li>Shares of YXT.COM Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) were down 25% to $2.80.</li>
<li>Plus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) was down, falling 25% to $1.39.</li>
</ul>
Commodities In commodity news, oil traded down 0.2% to $68.05 while gold traded down 0.3% at $2,659.10.
Silver traded down 1.2% to $31.445 on Monday, while copper fell 0.8% to $4.5645.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.9%, Germany's DAX fell 0.6% and France's CAC 40 dipped 1.6%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 fell 0.5%.
The British economy grew by 0.5% on quarter during the second quarter, down from 0.7% in the first quarter, while the UK's current account deficit widened to £28.4 billion in the second quarter, versus a revised £13.8 billion in the prior quarter. Net consumer credit in the U.K. rose by £1.3 billion in August, from £1.2 billion in the previous month. German import prices increased by 0.2% year-over-year in August compared to a 0.9% rise in July.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 dipping 4.80%, Hong Kong's Hang Seng Index jumping 2.43%, China's Shanghai Composite Index gaining 8.06% and India's BSE Sensex falling 1.49%.
Japan&#8217;s housing starts fell by 5.1% year-over-year in August compared to a 0.2% decline in the prior month, while industrial production fell by 3.3% month-over-month in August. Retail sales in Japan climbed by 2.8% year-over-year in August.
The official NBS Non-Manufacturing PMI in China fell to 50.0 in September from 50.3 in the prior month, while official NBS Manufacturing PMI climbed to 49.8 in September from 49.1 in August.
Economics
The Chicago PMI rose to 46.6 in September from 46.1 in August versus market estimates of 46.2.
Now Read This: 
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</ul>

KXIN

PSTV

Dow Tumbles Over 200 Points; Carnival Posts Upbeat Earnings

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Barclays Sticks to Its Buy Rating for Carnival (CCL)

Analyst Daniel Politzer of Wells Fargo assigned a Buy rating on Carnival (CCL – Research Report), with a price target of $24.00. Daniel Politzer ha...

Carnival's Strong Earnings and Positive Future Bookings Justify Buy Rating

In a report released today, Jamie Rollo from Morgan Stanley maintained a Sell rating on Carnival (CCL – Research Report), with a price target of $1...

Carnival Corporation: A Nuanced Financial Outlook Leading to an Underweight Stock Rating

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Jefferies analyst David Katz maintained a Buy rating on Carnival (CCL – Research Report) today and set a price target of $26.00. The company's shar...

Jefferies Remains a Buy on Carnival (CCL)

Bank of America Securities analyst Andrew Didora maintained a Buy rating on Carnival (CCL – Research Report) today. The company's shares opened tod...

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