Carnival shares have dropped 9.7% since its last earnings report, underperforming the S&P 500. The company reported better-than-expected second-quarter fiscal 2026 results, with adjusted earnings per share of 41 cents beating the Zacks Consensus Estimate of 35 cents and revenues of $6.66 billion surpassing the $6.64 billion consensus. Despite the beat, Carnival lowered its full-year adjusted EBITDA guidance to approximately $7.11 billion from $7.19 billion, while raising its adjusted EPS outlook to $2.22 from $2.21. Customer deposits reached a record $9.0 billion, and 93% of 2026 capacity is already booked. Analysts have since revised estimates downward, and the stock carries a Zacks Rank of 3, or Hold.
Carnival CorporationCarnival lowered its full-year adjusted EBITDA guidance despite beating earnings estimates.