Carnival Q4 Guidance Disappoints Amid Positive EPS Beat

4 months ago

Nora Melinda / Paul Sweeney (discussion)

"They also lifted their guidance for the full year in terms of their adjusted net income here. But SEFO is really coming out saying that investors could be "nitpicking" the company's lower than expected fourth quarter net yields guidance. So you are seeing this as one of the worst performing stocks in the S&P 500 today, ticker CCL. But I mean, if you look at what the street is thinking more broadly, Wall Street has no sell ratings on the stock right now. About 74% of analysts are advising that people buy."

Carnival (CCL) reported an EPS beat and raised full-year guidance, but its disappointing Q4 net yield forecasts have led to investor nitpicking. Despite being one of the worst performers in the S&P 500, a majority of analysts still recommend buying the stock.

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