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Carnival Corporation: Continued Growth Expected


  • Carnival Corporation & plc's stock price might have dropped in recent months, but its fundamentals are only getting better.
  • The company's Q3 2023 results are expected to show improved occupancy rates, revenue growth, and possibly a positive net adjusted income.
  • Even conservative forward revenue estimates indicate that there's a small upside to the stock right now, and its medium-term prospects still look good.

Cruise ship sailing off to tropical sunset.

JamesBrey/iStock via Getty Images

Since the last time I wrote about cruise company Carnival Corporation & plc (NYSE:CUK) in early July, its price has dropped a 20%. On the face of it, this flies in the face of my


This article was written by

Manika Premsingh profile picture

Manika Premsingh is a macroeconomist converting big-picture trends into actionable investment ideas. She has worked in investment management, stock broking, and investment banking. Manika received the Goldman Sachs 10,000 Women scholarship for certification in business in recognition of her work as an entrepreneur while running her own research firm.

She is a contributor to the investing group Green Growth Giants where she shares weekly actionable research, interview content with company executives, live portfolios, and live chat. All in service of investing in the fast-growing green economy. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CUK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (23)

OverTheHorizon profile picture
Wrong time to be adding ships:

“Carnival Cruise Line to homeport Carnival Legend ship in Galveston”
Cattle man profile picture
Been accumulating the last 6 months and will continue if they stay on track. I see 20+ in the near term…I think come Monday it will start to climb if not tomorrow. Especially after todays Dump.
I saw two positive articles on Carnival and the stock has gone down. I guess the world isn’t listening. Hopefully, it will soon!
Manika Premsingh profile picture
@joseph979 I think the world is profit taking. I don't blame it!
Thunder12 profile picture
I Agee with the article, 8$ was a better entry point, but i like 15$ as well. I am Long term in this stock, i suspect, 20s within a year. Maybe travel has peaked, in areas like going to Disney, for a week and spending 10k. I’m in the islands where 80% of their GDP is cruise ships, and they are the wealthiest independent Caribbean nation.
Their are 2 kinds of people in the world, people that have gotten covid and, people that are going to get covid.
Green Growth? Aren’t cruise ships the biggest carbon spewers on the planet? Also I think travel has peaked and their debt is massive. I’m looking to short in this space.🤭
Thunder12 profile picture
@frdmhr interesting I had to look that one up, they don’t even make the top ten polluters
China Coal 14.3 %
Saudi Aramco 4.5 %
Gazprom OAO 3.9 %
National Iranian Oil Co 2.3 %
ExxonMobil Corp 2.0 %
Coal India 1.9 %
Petróleos Mexicanos 1.9 %
Russia Coal 1.9 %
Royal Dutch Shell PLC 1.7 %
China National Petroleum Corp 1.6 %
@Thunder12 Pound for pound I mean. I don’t know, I guess if there’s 1000 people on the boat traveling say 200 miles, I mean they’re pushing a steel city through water. Lots of resistance. Thought it was a bone of contention for the green team. Maybe a wind powered catamaran cruise would make for a Green Growth idea.
These companies are producing oil or coal, they are not the polluters.
You driving your car and turning on your lights are the polluter.
Who else agrees? Time to enter?
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