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Dipanjan Banchur

Is Carnival Stock a Buy, Sell or Hold Right Now?

CCL Carnival Dipanjan BanchurSince Carnival Corporation Cyber Monday Recession US Federal Reserve

After its below-par performance with the lingering impacts of the pandemic, cruise stock Carnival Corporation (CCL) made a strong recovery as travel resumed after the restrictions were lifted worldwide.

Despite the sharp pickup in bookings and operations in the third quarter, CCL missed Wall Street EPS and revenue estimates. Analysts expected a loss per share of $0.14, but the company reported a wider loss per share of $0.58. Its revenue missed the consensus estimates by 12.7%.

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