Carnival Shares Slide 3.5% as Investors Eye 38% Q1 EPS Growth and 12.9x P/E
Carnival shares closed at $31.55, down 3.52%, underperforming the S&P 500’s 0.43% decline and Nasdaq’s 0.92% drop. Analysts project Q1 EPS of $0.18 (+38% YoY) on $6.1 B revenue (+5%), full-year EPS of $2.54 (+13%) on $27.85 B revenue (+4.6%), and trade at a 12.9x forward P/E versus a 17.6x industry average.
1. Stock Performance
Carnival closed the most recent trading day at $31.55, down 3.52%, underperforming the S&P 500’s 0.43% decline, the Dow’s 1.05% drop and the Nasdaq’s 0.92% fall. Over the past month, shares have risen 4.98%, contrasting with a 0.52% loss in Consumer Discretionary and a 0.5% S&P 500 decline.
2. Earnings Outlook
For the upcoming quarter, analysts forecast earnings of $0.18 per share, reflecting 38.46% year-over-year growth, and revenue of $6.1 billion, up 5.01% year-on-year. Full-year estimates call for $2.54 EPS (+12.89%) and $27.85 billion revenue (+4.6%), highlighting continued top- and bottom-line expansion.
3. Valuation Metrics
The stock trades at a forward P/E of 12.86, below the Leisure & Recreation Services industry average of 17.63, and carries a PEG ratio of 1.19 versus the industry’s 1.42. The industry ranks in the bottom 29% of Consumer Discretionary, suggesting a potential valuation discount.