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Dipanjan Banchur

Is Carnival’s (CCL) Better-Than-Expected Q4 Results a Reason to Buy the Stock?

CCL Carnival Dipanjan BanchurSince Carnival Corporation Josh Weinstein

Carnival Corporation & plc (CCL) reported its fourth-quarter results on December 21, surpassing the consensus EPS and revenue estimates. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock despite its better-than-expected results.

For the quarter, CCL’s loss per share came 44.7% lower than the consensus estimate, and its revenue was 2.3% higher than analyst estimates. The company has a solid earnings history, as it surpassed the consensus EPS estimates in each of the trailing four quarters.

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