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Wedbush Securities Believes Better Constant-Currency Yield Outlook Nearly Offsets Incremental F/X Headwind For Carnival

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In a report published Monday, Wedbush Securities analyst James Hardiman reiterated a Neutral rating and $52.00 price target on Carnival Corporation (NYSE: CCL).

In the report, Wedbush Securities noted, "Friday morning, Carnival reported 1Q15 non-GAAP EPS of $0.20, which was $0.11 better than the consensus estimate of $0.09 and $0.13 better than our estimate of $0.07. Versus the midpoint of guidance ($0.09), the beat consisted of $0.06 from better-than-expected net revenue yields driven by onboard spending, with the remainder coming from the timing of costs."

Carnival closed on Friday at $47.12.

Latest Ratings for CCL

DateFirmActionFromTo
Mar 2021MacquarieUpgradesNeutralOutperform
Feb 2021BerenbergDowngradesHoldSell
Jan 2021Credit SuisseMaintainsNeutral

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Posted-In: James Hardiman Wedbush SecuritiesAnalyst Color Reiteration Analyst Ratings

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