1 Hidden Drag on Carnival's Results
's (NYSE: CCL) (NYSE: CUK) earnings and share price suffered in the earlier stages of the pandemic. The world's biggest cruise ship operator was forced to halt operations -- and that pushed the usually profitable company to a loss. In 2020, the stock lost 57%.
After a disastrous couple of years, though, this travel giant has greatly turned things around. In the most recent quarter, Carnival showed demand for its cruises was back -- and stronger than ever. The company even made better-than-expected improvements in narrowing its net loss.
This is all very positive news. But Carnival still faces one big problem. Let's take a closer look at one hidden drag on its results.
Source Fool.com
Carnival plc Stock
€13.16
7.310%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
As a result the target price of 14 € shows a slightly positive potential of 6.38% compared to the current price of 13.16 € for Carnival plc.
