Carnival Q1 Earnings Reflect Pricing Strength Analyst Says: 'Solid Beat Across The Board'
Carnival Q1 Earnings Reflect Pricing Strength Analyst Says: 'Solid Beat Across The Board'
Shares of Carnival Corp (NYSE:CCL) tanked in early trading on Thursday, after the company reported earnings for its first quarter.
嘉年華公司（紐約證券交易所代碼：CCL）的股價在週四早盤交易中暴跌，此前該公司公佈了第一季度業績。
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
業績是在激動人心的業績季中公佈的。以下是該新聞稿中分析師的一些主要收穫。
- JPMorgan analyst Matthew Boss reiterated an Overweight rating, while raising the price target from $22 to $23.
- Stifel analyst Steven Wieczynski reaffirmed a Buy rating, while lowering the price target from $26 to $25.
- Goldman Sachs analyst Lizzie Dove maintained a Buy rating, while lifting the price target from $20 to $22.
- BofA Securities analyst Andrew Didora reiterated a Buy rating and price target of $23.
- 摩根大通分析師馬修·博斯重申增持評級，同時將目標股價從22美元上調至23美元。
- Stifel分析師史蒂芬·維欽斯基重申了買入評級，同時將目標股價從26美元下調至25美元。
- 高盛分析師麗茲·多夫維持買入評級，同時將目標股價從20美元上調至22美元。
- 美銀證券分析師安德魯·迪多拉重申了買入評級和23美元的目標股價。
Check out other analyst stock ratings.
JPMorgan: Carnival reported a narrower-than-expected loss for its first quarter, "with upside across both the top and bottom line," Boss said in a note. CEO Josh Weinstein indicated that all nine brands of the company are improving, with two brands "fully recovered," he added.
查看其他分析師股票評級。
摩根大通：博斯在一份報告中說，嘉年華公佈的第一季度虧損低於預期，“收入和利潤都有上行空間”。他補充說，首席執行官喬什·溫斯坦表示，該公司的所有九個品牌都在改善，其中兩個品牌 “完全復甦”。
Weinstein also said that Carnival is now "even better positioned" for 2025 than it did a year ago, "clarifying current demand momentum as more than pent-up demand," with a healthy mix of "new-to-cruise" in the bookings to date for 2025 and customer deposits up 40% versus 2019 levels, the analyst further stated.
溫斯坦還表示，與去年同期相比，嘉年華現在在2025年 “處於更有利的地位”，“將當前的需求勢頭澄清爲不僅僅是被壓抑的需求”，迄今爲止，2025年預訂量中出現了 “新來郵輪” 的健康組合，客戶存款比2019年的水平增長了40％。
Stifel: Carnival delivered a "solid beat across the board," Wieczynski said. He added that the company's guidance appears conservative.
斯蒂菲爾：維欽斯基說，狂歡節 “全面表現良好”。他補充說，該公司的指導似乎是保守的。
"As we sit here today, there is no doubt in our mind that if consumer demand stays status quo, CCL's revised ~$5.6B EBITDA guidance should end up well north of $5.8B," the analyst further wrote.
Goldman Sachs: "Demand and pricing strength were the key bright spots in our view, with '24 mostly booked, 2025 in a better booked position than 2024 was this time last year, and pricing considerably higher y/y in 2024," Dove wrote. Carnival's net yield is likely to be "driven more by underlying pricing growth than occupancy than we originally had thought."
該分析師進一步寫道：“當我們今天坐在這裏時，毫無疑問，如果消費者需求保持現狀，CCL修訂後的約56億美元息稅折舊攤銷前利潤指引最終將遠遠超過58億美元。”
高盛：“在我們看來，需求和定價強勁是關鍵亮點，24年的預訂量大多爲2025年，預訂量高於去年同期的2024年，2024年的定價同比要高得多，” 多芬寫道。嘉年華的淨收益率可能 “更多地受到基礎定價增長的推動，而不是我們最初想象的入住率。”
Onboard revenues came in slightly lower than expected "due to a higher occupancy recovery in Europe where passengers spend less," the analyst stated. She added, however, that the key data is spending in the casino, "which we estimate is ~25% of North America onboard revenue spend (vs. relatively small for Europe)."
該分析師表示，機上收入略低於預期，“這是由於乘客支出減少的歐洲的入住率恢復較高”。但是，她補充說，關鍵數據是賭場支出，“我們估計約佔北美機上收入支出的25％（而歐洲相對較小）。”
BofA Securities: Carnival reported "solid" quarterly results, "driven by stronger net yields ($30M) and favorable timing shists in expenses ($50M)," Didora said. The company's guidance for the second quarter and full year was broadly as expected, he added.
美銀證券：迪多拉說，嘉年華公佈了 “穩健” 的季度業績，“這得益於更強的淨收益率（3000萬美元）和有利的支出時機變化（5000萬美元）”。他補充說，該公司第二季度和全年的預期基本符合預期。
"Stronger bookings and net yields drove the new outlook, which served as an offset to the Red Sea rerouting impacts that were announced last month," the analyst further stated.
該分析師進一步表示：“更強的預訂量和淨收益率推動了新的前景，這抵消了上個月宣佈的紅海改道的影響。”
CCL Price Action: Shares of Carnival had declined by 3.69% to $16.56 at the time of publication on Thursday.
CCL價格走勢：週四發佈時，嘉年華的股價下跌了3.69％，至16.56美元。
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譯文內容由第三人軟體翻譯。