Is Carnival (CCL) A Buy Heading into Q2 Earnings Announcement?

Cruise and vacation company Carnival CCL is set to report fourth-quarter results on Friday before the opening bell. Carnival, a Zacks Rank #2 (Buy), has exceeded the earnings mark in each of the last eight quarters. But with the stock pulling back from its early December highs, is Carnival a buy prior to the release?Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Analysts are expecting Carnival to post quarterly earnings of 8 cents per share, reflecting a 214.3% improvement relative to the same quarter last year. Sales are projected to have increased 10% to $5.94 billion.CCL is a Zacks Rank #2 (Buy) stock. Strong brand recognition and a strategic marketing campaign bode well for the company. The cruise liner remains focused on its fleet optimization and expansion.Carnival has delivered a trailing four-quarter average earnings surprise of 318.1%. Our proprietary Zacks Earnings ESP indicator predicts another earnings beat for the upcoming announcement. As always, remember that stocks can be extremely volatile surrounding earnings releases.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks