U.S. Markets close in 4 hrs 31 mins

Free Research Report as Carnival’s Q4 Results Beat Market Estimates

Stock Monitor: Nevada Gold & Casinos Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors.com has just released a free earnings report on Carnival Corp. Carnival PLC (NYSE: CCL) (NYSE: CUK) ("Carnival"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CCL. The Company posted its financial results on December 19, 2017, for the fourth quarter of the fiscal year 2017 (Q4 FY17), and for the full fiscal year 2017 (FY17). The Miami-based Company's quarterly revenues grew on a y-o-y basis, outperforming market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Nevada Gold & Casinos, Inc. (NYSE AMER: UWN), which also belongs to the Services sector as the Company Carnival. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Carnival most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

During the quarter ended November 30, 2017, Carnival reported total revenues of $4.26 billion compared to $3.94 billion at the end of Q4 FY16, beating market consensus estimates of $4.15 billion. The Company's passenger ticket revenues grew to $3.13 billion during Q4 FY17 from $2.87 billion in the previous year's same period. Carnival's onboard and other revenues also increased to $1.09 billion in Q4 FY17 from $1.02 billion in Q4 FY16.

The cruise vacation Company's GAAP net income came in at $546 million, or $0.76 per diluted share, in Q4 FY17 versus $609 million, or $0.83 per diluted share, in Q4 FY16. The Company's adjusted net income came in at $452 million, or $0.63 per diluted share, for the reported quarter compared to $491 million, or $0.67 per diluted share, in Q4 FY16. Moreover, Wall Street had expected the Company to report an adjusted net income of $0.50 per diluted share.

Carnival's total revenues stood at a record $17.51 billion for the full year FY17, which came in above the $16.39 billion recorded a year ago. The Company's GAAP net income was $2.61 billion, or $3.59 per diluted share, for FY17 compared to $2.78 billion, or $3.72 per diluted share, in FY16. Meanwhile, the Company's adjusted net income increased to $2.77 billion, or $3.82 per share, in FY17 from $2.58 billion, or $3.45 per diluted share, in FY16.

Operational Metrics

For the reported quarter, Carnival's total cruise operating cost and expenses came in at $2.62 billion versus $2.32 billion in the prior year's comparable quarter. The Company's operating income came in at $548 million for Q4 FY17 compared to $597 million in Q4 FY16.

In Q4 FY17, available lower berth day (ALBD) was 20.76 million compared to 20.45 million in the last year's corresponding quarter. The cruise operator's occupancy rate stood at 103.6% for Q4 FY17 versus 103.8% in Q4 FY16. Furthermore, net revenue yields (net revenues per ALBD) increased 6.5% in Q4 FY17 to $168.42 from $164.83 in Q4 FY16.

Cash Flow and Balance Sheet

During Q4 FY17, the Company's net cash provided by operating activities was $1.02 billion, which came in flat compared to the prior year's same period. At the close of books on November 30, 2017, Carnival had $395 million in cash and cash equivalents compared to $603 million at the close of books on November 30, 2016. Meanwhile, the Company's long-term debt decreased to $6.99 billion as on November 30, 2017, compared to $8.30 billion as on November 30, 2016.


In its guidance for Q1 FY18, net revenue yields in constant dollars are expected to increase in the range of 1.5% to 2.5% y-o-y, while on a current dollar rate, it is anticipated to grow by 5.0% to 6.0% y-o-y. Net cruise costs, excluding fuel per ALBD, are forecasted to grow in the band of 2.0% to 3.0% y-o-y on a constant dollar basis, and in the range of 5.5% to 6.5% on a current dollar rate. Furthermore, the Company forecasts adjusted earnings to be in the band of $0.37 per share to $0.41 per share.

For the full year FY18, net revenue yields in constant currency are anticipated to be up approximately 2.5%, while on a current dollar basis, it is forecasted to grow by approximately 4.0%. Net cruise costs, excluding fuel per ALBD, growth on a constant currency basis and a current dollar basis are expected to be approximately 3.0% and 1.0%, respectively. Moreover, adjusted earnings per share are projected to be in the range of $4.00 to $4.30.

Stock Performance Snapshot

January 10, 2018 - At Wednesday's closing bell, Carnival's stock was marginally up 0.47%, ending the trading session at $67.95.

Volume traded for the day: 3.30 million shares, which was above the 3-month average volume of 2.93 million shares.

Stock performance in the last month – up 1.55%; previous three-month period – up 1.30%; past twelve-month period – up 25.25%; and year-to-date – up 2.38%

After yesterday's close, Carnival's market cap was at $48.98 billion.

Price to Earnings (P/E) ratio was at 18.92.

The stock has a dividend yield of 2.65%.

The stock is part of the Services sector, categorized under the Resorts & Casinos industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors