Carnival Corporation (CCL) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.43
- Estimate
- $1.35
- Surprise
- +5.9%
- Revenue (period 2026-08-31)
- $8.44B
- Score at report (before → after)
- 5.6 → 5.8/10
Revenue source: xbrl.
How the report landed
Carnival Corporation (CCL) beat the $1.35 estimate with adjusted EPS of $1.43 — a clear 5.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.6/10) to Sell at 5.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CCL Sell at 5.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +5.9% surprise compares with a +18.6% four-quarter average. Next scheduled report: 2026-12-18.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Sector modifier (Consumer Cyclical): -1.5
- Leverage penalty (D/E 1.8): -1.0
- Weak growth
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $26.70
- Price target
- $30.50
- Stop
- $25.16
- Upside to target
- +14.2%
- Reward-to-risk
- 0.9:1
At 11.7× trailing and 10.3× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-20 — shown for context, not personalized investment advice.
CCL at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Travel Services
- Market cap
- $35.56B
- P/E (fwd)
- 10.3
- P/E (ttm)
- 11.7
- 52-week range
- $21.45–$34.03
- Off 52-week high
- 21.5%
- RSI (14)
- 68
- Volume vs avg
- 0.09×
- Score today
- 5.7/10