Earnings Preview: Carnival Reports Q3 Results Tuesday

Sep.16.11 | About: Carnival Corporation (CCL)

Carnival Corporation (NYSE:CCL) is due to report earnings before the opening bell on September 20, 2011. Please take a look at my view on Carnival here.

Carnival Corporation operates as a cruise and vacation company. The company was founded in 1974 and is headquartered in Miami, Florida. CCL trades an average of 6.6 million shares per day.

52-Week High: $48.14
52-Week Low: $28.96
Book Value: $30.12
Float Short: 2.81%

Analysts are expecting an improvement of $1.37 in earnings per share compared to last quarter's results of $0.26. Investors will be looking to see a number north of $1.63 per share, based on the earnings estimates. Analyst estimates range between $1.59 and $1.68 per share.

The current trailing twelve months (ttm) P/E ratio is 14. The forward P/E ratio is 13.8. The stock has moved higher in price 10.96%, with a one year change of -6.40%. Comparing to the S&P 500 price changes, the price performances are 4.68% vs. the S&P 500 from a month ago, and year to date difference is -24.84% vs. the S&P 500 price change.

Revenue year-over-year has increased to $14.47 billion for 2010 vs. $13.46 billion for 2009. The bottom line has rising earnings year-over-year of $1.98 billion for 2010 vs. $1.79 billion for 2009. The company's earnings before income and taxes are rising year-over-year from $2.35 billion for 2010 vs. $2.15 billion for 2009.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
May-11 $ 3.51 B $ 3.62 B $ 105.94 M 3.01%
Feb-11 $ 3.31 B $ 3.42 B $ 106.21 M 3.21%
Nov-10 $ 3.36 B $ 3.50 B $ 137.33 M 4.09%
Aug-10 $ 4.41 B $ 4.43 B $ 12.94 M 0.29%
May-10 $ 3.27 B $ 3.19 B $ -70.90 M -2.17%
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M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

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Reported earnings per share compared to the mean estimate. Differences are rounded.

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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.