Carnival Forecasts Q1 Revenue $5.29B and EPS $0.16, Full-Year Raised to $24.11B
Carnival Corp’s Q1 2026 revenue is projected at $5.29 billion with EPS of $0.16, following Q4’s $5.47B revenue miss of 0.74% and EPS beat of 27.6% at $0.27. Full-year 2026 revenue forecasts rose to $24.11B with EPS of $2.10, and one-year targets imply 47.4% upside.
1. Q1 2026 Earnings Preview
Carnival is set to report Q1 2026 revenue of $5.29 billion and EPS of $0.16 per share when it announces results on March 27. In the prior quarter ended Nov. 30, 2025, revenue totaled $5.47 billion (0.74% below consensus) while earnings of $0.27 per share exceeded estimates by 27.6%, lifting the stock nearly 9% in one day.
2. Estimate Revisions and Price Targets
Analysts have raised full-year 2026 revenue estimates to $24.11 billion from $24.08 billion over the past 90 days, with EPS forecasts climbing to $2.10 from $2.04. For 2027, revenue is seen at $25.08 billion and EPS at $2.36. One-year price targets average $32.86, suggesting 47.4% upside versus the current price, while a GF value of $19.23 implies 13.8% downside; consensus brokerage rating is Outperform (2.0).