Carnival (CCL) ZACKS·2024-12-20 17:01Core Insights - Carnival reported revenue of 0.14, a significant improvement from -0.08 [1] Financial Metrics - Available lower berth days (ALBDs) were reported at 23.9 million, slightly below the average estimate of 23.94 million [3] - The occupancy percentage reached 103%, surpassing the estimated 102.7% [3] - Passenger cruise days (PCDs) totaled 24.6 million, slightly above the average estimate of 24.59 million [3] - Fuel cost per metric ton consumed was 590.42 [3] - Net yields per ALBD were reported at 190.52 [3] - Fuel consumption was 700 Kmt, closely aligning with the estimated 699.83 Kmt [3] - Revenue from passenger tickets was 3.87 billion, reflecting a year-over-year increase of 9.8% [3] - Onboard and other revenues reached 2.06 billion, with a year-over-year change of 10.5% [3] - Revenues from tours and other activities were 33.39 million, indicating a year-over-year decline of 34% [3] Stock Performance - Over the past month, Carnival's shares have returned -0.7%, matching the Zacks S&P 500 composite's -0.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]