Carnival Corporation stock gains 2.75 percent after Q3 beat
Published on 10/04/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Carnival Corporation (ISIN BMG2004J1036) stock closed at USD 25.76 on the NYSE on October 2, 2026, up 2.75 percent, after the cruise operator reported record third-quarter results on September 29, 2026. Carnival Corporation said revenue reached USD 8.435 billion and diluted EPS was USD 1.40 in Q3 2026.
Q3 EPS beats consensus
The adjusted result was stronger than the headline GAAP figure suggests. According to Marketbeat on September 29, 2026, adjusted EPS was USD 1.43 against USD 1.35 consensus, a USD 0.08 beat, while revenue of USD 8.44 billion exceeded the USD 8.39 billion estimate.
The company also lifted full-year 2026 adjusted EPS guidance to USD 2.24, up USD 0.02 from the previous view, according to Carnival Corporation. Its release attributed the improved outlook to more than USD 150 million of operational improvement, which offset higher fuel costs.
Bookings support the outlook
Demand indicators strengthened alongside the earnings figures. Carnival reported third-quarter customer deposits of USD 7.6 billion and said 2027 booked occupancy and pricing were at record levels, while higher fuel costs remain a direct pressure on profitability.
Consensus target stays higher
Marketbeat reported on October 1, 2026, that Argus cut its price target from USD 35.00 to USD 30.00 while maintaining a Buy rating. The same report showed a Moderate Buy consensus, 21 analysts with Buy or Strong Buy ratings, and an average target of USD 34.06. That average target lies 32.2 percent above the October 2, 2026 reference price, although the target revision highlights the sensitivity to fuel and yield assumptions.
Stock remains below yearly high
Carnival Corporation stock closed at USD 25.76 on the NYSE on October 2, 2026, with volume of 27,357,833 shares and a USD 35.3 billion market capitalization. The USD 21.45 to USD 34.03 52-week range places the stock 24.3 percent below its yearly high.
Carnival Corporation stock facts
- Company: Carnival Corporation & plc
- ISIN: BMG2004J1036
- Ticker: CCL
- Trading venue: NYSE
- Price (as of October 2, 2026): Closing price USD 25.76
- Market capitalization: USD 35.3 billion (as of October 2, 2026)
- 52-week range: USD 21.45-34.03 (as of October 2, 2026)
- Sector / Industry: Consumer Cyclical / Travel Services
