Carnival Corporation & plc · CCL · Next earnings

Carnival Corporation & plc reports Friday, Dec 18, 2026

CCL reports before market open with consensus EPS at $0.22 and revenue at $6.47B. Last quarter: Carnival posts record Q3 as demand and efficiency offset fuel costs

Reports Before market open44 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.22 Calendar consensus
Consensus revenue $6.47B Calendar consensus
Report date Dec 18, 2026 Friday, date estimated
Session Before market open 44 days away

Where CCL left off: FY2026 Q3

Full report

Carnival posts record Q3 as demand and efficiency offset fuel costs

EPS surprise +5.9% Reported $1.43 vs $1.35
Revenue surprise +0.6% Reported $8.44B vs $8.39B
Stock move +13.4% Event window
Subsequent drift 0.0% Up to 20 sessions

Management's guidance sentiment was raised; the transcript analysis says Q3 2026 beat guidance by $100 million and highlights continued demand strength, while noting near-term yield and geopolitical risks.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Fuel-price volatility could pressure costs.
  • Middle East conflict could disrupt Q1 2027 bookings.
  • Carnival Rewards may weigh on reported yields until 2028.
  • Capacity growth is limited to 0.5% in 2027.
  • Geopolitical and macroeconomic uncertainty remain material.

Questions analysts left open

  • How 2027 bookings and yields compare with 2026.
  • The pricing effect of European versus Caribbean capacity mix.
  • Fuel-cost volatility and the potential role of hedging.
  • 2027 capex guidance and one-time costs.
  • Potential synergies from an all-inclusive Caribbean resort acquisition.

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Recent CCL quarters

All CCL earnings
+13.4%FY2026 Q3-4.9%FY2026 Q2-4.3%FY2026 Q1+9.8%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.