Carnival Cruise Lines: Buy, Sell, or Hold?
It won't be long before Carnival Corp. (NYSE: CCL) shares are making waves again. The world's leading cruise line operator reports its fiscal second-quarter results on Monday morning. The stock will be on the move next week.
Carnival has been rallying lately. The shares have nearly doubled this year, up 96% in 2023. Momentum has returned in favor of the cruise lines, accolades long overdue after the prolonged shutdown of leisure fleets since the onset of the COVID-19 crisis. Is now a good time to buy Carnival stock? Is it a better time to take profits? Let's take a closer look at the thought process of buying, selling, or just holding Carnival at this point.
Carnival's numbers next week should be impressive. Analysts see revenue nearly doubling to $4.8 billion, admittedly comped against weak financials with Carnival's fleet running far from full strength in the springtime of last year. Those same Wall Street pros are modeling a loss of $0.34 a share, nearly 80% lower than the deficit it posted a year earlier.
Source Fool.com
