RCL - Carnival Corporation: Continued Expected Progress Still Doesn't Make It A Buy
2024-06-23 02:53:44 ET
Summary
- Carnival Corporation's unmoving stock price over the past quarter is hardly surprising going by its market multiples. But can things change with the Q2 2024 results due soon?
- The company's expected to continue making progress, to be sure. Revenue growth, improved EBITDA margins and possibly even an adjusted net income are expected.
- The company's upgraded guidance for 2024 is encouraging, too. If its results turn out better than anticipated, guidance can improve again, which can be good for the stock.
- But as of now, the forward P/E compared to its peers still doesn't make a case for Carnival Corporation.
Since the last time I wrote about the cruise company Carnival Corporation ( CCL ) ( CUK ) (CUKPF) a quarter ago, its price has barely moved. This is actually a better than expected outcome....
Carnival Corporation: Continued Expected Progress Still Doesn't Make It A Buy