CCL
$53.16
Carnival
$.58
1.10%

Earnings History

Earnings
Revenue
Reaction
Drift
In-line Guidance
FY 2012
12/20/2011
9:15:00 AM
$2.55 to $2.85
-0.2%
2.9%
Guidance:
Consensus:
Carnival Guides First Quarter Below Estimates; 2012 In-line

Carnival Corp. said it expects first quarter earnings of $0.06 to $0.10 per share and fiscal 2012 earnings of $2.55 to $2.85 per share. The current consensus earnings estimate is $0.17 per sharefor the quarter ending February 29, 2012 and $2.80 per share for the year ending November 30, 2012.
EPS Below Estimates
Q 05/2012
3/9/2012
9:15:00 AM
$0.05 to $0.09
$0.19
-1.2%
3.5%
Guidance:
Consensus:
Carnival Lowers Guidance Below Estimates

Carnival Corp. said it expects second quarter earnings of $0.05 to $0.09 per share and now expects fiscal 2012 earnings of $1.40 to $1.70 per share. The company's previous guidance was fiscal 2012 earnings of $2.55 to $2.85 per share. The current consensus earnings estimate is $0.19 per share for the quarter ending May 31, 2012 and earnings of $2.11 per share for the year ending November 30, 2012.
EPS Above Estimates
FY 2012
6/22/2012
9:15:00 AM
$1.80 to $1.90
$1.46
-2.7%
-1.4%
Guidance:
Consensus:
Carnival Ups Guidance

Carnival Corp. said it expects third quarter earnings of $1.42 to $1.46 per share and now expects fiscal 2012 earnings of $1.80 to $1.90 per share. The company's previous guidance was for 2012 earnings of $1.40 to $1.70 per share. The current consensus earnings estimate is $1.46 per share for the quarter ending August 31, 2012 and earnings of $1.68 per share for the year ending November 30, 2012.
EPS Below Estimates
Q 11/2012
9/25/2012
9:15:00 AM
$0.07 to $0.11
$0.18
-0.8%
-7.3%
Guidance:
Consensus:
Carnival Guides Below Estimates

Carnival Corp. said it expects fourth quarter earnings of $0.07 to $0.11 per share. The current consensus earnings estimate is $0.18 per share for the quarter ending November 30, 2012.
2013 Below Estimates
FY 2013
12/20/2012
9:15:00 AM
$2.20 to $2.40
-5.3%
-1.9%
Guidance:
Consensus:
Carnival Sees 2013 Below Estimates

Carnival Corp. said it expects first quarter earnings of $0.03 to $0.07 per share. The current consensus earnings estimate is $0.05 per share for the quarter ending February 28, 2013. However, the company also said company said it expects 2013 earnings of $2.20 to $2.40 per share. The current consensus earnings estimate is $2.49 per share for the year ending November 30, 2013.
Lowers Guidance
Q 05/2013
3/15/2013
9:15:00 AM
$0.04 to $0.08
$0.28
-2.2%
0.0%
Guidance:
Consensus:
Carnival Lowers Guidance

Carnival Corp. said it expects second quarter earnings of $0.04 to $0.08 per share and now expects fiscal 2013 earnings of $1.80 to $2.10 per share. The company's previous guidance was for fiscal year earnings of $2.20 to $2.40 per share. The current consensus earnings estimate is $0.28 per share for the quarter ending May 31, 2013 and earnings of $2.37 per share for the year ending November 30, 2013.
Lowers Guidance
FY 2013
5/20/2013
5:20:00 PM
$1.45 to $1.65
$1.99
-4.3%
0.2%
Guidance:
Consensus:
Carnival Lowers Guidance

Carnival Corp. said it continues to expect second quarter earnings of $0.04 to $0.08 per share. The current consensus earnings estimate is $0.08 per share for the quarter ending May 31, 2013. However, the company also company said it now expects fiscal 2013 earnings of $1.45 to $1.65 per share. The company's previous guidance was earnings of $1.80 to $2.10 per share and the current consensus earnings estimate is $1.99 per share for the year ending November 30, 2013.
Q3 Below/FY In-line
FY 2013
6/25/2013
8:00:00 AM
$1.45 to $1.65
earnings of $1.60
5.0%
2.1%
Guidance:
Consensus:
Carnival Sees Third Quarter Below Estimates but Reaffirms for the Year

Carnival Corp. said it expects third quarter earnings of $1.25 to $1.33 per share and continues to expect 2013 earnings of $1.45 to $1.65 per share. The current consensus earnings estimate is $1.37 per share for the quarter ending August 31, 2013 and earnings of $1.60 per share for the year ending November 30, 2013.
EPS Below Estimates
Q 11/2013
9/24/2013
9:15:00 AM
($0.03) to $0.03
for earnings of $0.10
-7.6%
-8.7%
Guidance:
Consensus:
Carnival Sees Fourth Quarter Below Estimates

Carnival Corp. said it expects fourth quarter non-GAAP results to range from a loss of $0.03 per share to earnings of $0.03 per share. The current consensus estimate is for earnings of $0.10 per share for the quarter ending November 30, 2013.
In-line Guidance
FY 2014
12/19/2013
9:15:00 AM
$1.40 to $1.80
2.5%
2.5%
Guidance:
Consensus:
Carnival Guides In-line

Carnival Corp. said it expects a first quarter loss of $0.11 to $0.07 per share and fiscal 2014 earnings of $1.40 to $1.80 per share. The current consensus estimate is a loss of $0.09 per share for the quarter ending February 28, 2014 and earnings of $1.61 per share for the year ending November 30, 2014.
Narows Guidance Below Estimates
FY 2014
3/25/2014
9:15:00 AM
$1.50 to $1.70
$0.07
-4.9%
-0.6%
Guidance:
Consensus:
Carnival Narrows Guidance Below Estimates

Carnival Corp. said it expects second quarter non-GAAP results to range from a loss of $0.02 per share to earnings of $0.02 per share and now expects fiscal 2014 earnings of $1.50 to $1.70 per share. The company's previous guidance was 2014 earnings of $1.40 to $1.80 per share. The current consensus earnings estimate is $0.07 per share for the quarter ending May 31, 2014 and $1.74 per share for the year ending November 30, 2014.
In-line Guidance
Q 11/2014
9/23/2014
9:15:00 AM
$0.15 to $0.19
$0.19
0.4%
-4.4%
Guidance:
Consensus:
Carnival Guides In-line for the Fourth Quarter

Carnival Corp. said it expects fourth quarter earnings of $0.15 to $0.19 per share. The current consensus earnings estimate is $0.19 per share for the quarter ending November 30, 2014.
In-line Guidance
FY 2015
12/19/2014
9:15:00 AM
$2.30 to $2.60
0.7%
2.8%
Guidance:
Consensus:
Carnival Guides In-line

Carnival Corp. said it expects first quarter earnings of $0.07 to $0.11 per share and fiscal 2015 earnings of $2.30 to $2.60 per share. The current consensus earnings estimate is $0.08 per share for the quarter ending February 28, 2015 and $2.32 per share for the year ending November 30, 2015.
Narows Guidance
FY 2015
3/27/2015
9:15:00 AM
$2.30 to $2.50
$0.25
6.1%
2.0%
Guidance:
Consensus:
Carnival Narrows Guidance

Carnival Corp. said it expects second quarter earnings of $0.11 to $0.15 per share and now fiscal 2015 earnings of $2.30 to $2.50 per share. The company's previous guidance was 2015 earnings of $2.30 to $2.60 per share. The current consensus earnings estimate is $0.25 per share for the quarter ending May 31, 2015 and $2.50 per share for the year ending November 30, 2015.
Narrows Guidance
FY 2015
6/23/2015
9:15:00 AM
$2.35 to $2.50
$1.69
-0.9%
-1.0%
Guidance:
Consensus:
Carnival Narrows Guidance

Carnival Corp. said it expects third quarter earnings of $1.56 to $1.60 per share and now expects fiscal 2015 earnings of $2.35 to $2.50 per share. The company's previous guidance was for fiscal year earnings of $2.30 to $2.50 per share. The current consensus earnings estimate is $1.69 per share for the quarter ending August 31, 2015 and $2.47 per share for the year ending November 30, 2015.
EPS Below Estimates
Q 11/2015
9/22/2015
9:15:00 AM
$0.36 to $0.40
$0.45
-5.5%
-7.3%
Guidance:
Consensus:
Carnival Sees Fourth Quarter Below Estimates

Carnival Corp. said it expects fourth quarter earnings of $0.36 to $0.40 per share. The current consensus earnings estimate is $0.45 per share for the quarter ending November 30, 2015.
In-line Guidance
Q 02/2016
12/18/2015
9:15:00 AM
$0.28 to $0.32
$0.31
3.9%
4.9%
Guidance:
Consensus:
Carnival Guides In-line

Carnival Corp. said it expects first quarter earnings of $0.28 to $0.32 per share. The current consensus earnings estimate is $0.31 per share for the quarter ending February 29, 2016.
Narrows Guidance
FY 2016
3/30/2016
9:15:00 AM
$3.20 to $3.40
$0.35
5.5%
2.4%
Guidance:
Consensus:
Carnival Narrows Guidance

Carnival Corp. said it expects second quarter earnings of $0.34 to $0.38 per share and now expects fiscal 2016 earnings of $3.20 to $3.40 per share. The company's previous guidance was for fiscal year earnings of $3.10 to $3.40 per share. The current consensus earnings estimate is $0.35 per share for the quarter ending May 31, 2016 and $3.32 per share for the year ending November 30, 2016.
Narrows Guidance Below Estimates
FY 2016
6/28/2016
9:15:00 AM
$3.25 to $3.35
$2.01
0.2%
-3.1%
Guidance:
Consensus:
Carnival Narrows Guidance Below Estimates

Carnival Corp. said it expects third quarter earnings of $1.83 to $1.87 per share and now expects fiscal 2016 earnings of $3.25 to $3.35 per share. The company's previous guidance was for 2016 earnings of $3.20 to $3.40 per share. The current consensus earnings estimate is $2.01 per share for the quarter ending August 31, 2016 and $3.39 per share for the year ending November 30, 2016.
In-line Guidance
Q 11/2016
9/26/2016
9:15:00 AM
$0.55 to $0.59
$0.59
-1.7%
2.4%
Guidance:
Consensus:
Carnival Guides In-line

Carnival Corp. said it expects fourth quarter earnings of $0.55 to $0.59 per share. The current consensus earnings estimate is $0.59 per share for the quarter ending November 30, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
12/20/2011
9:15:00 AM
Nov '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.28
$3.7 Bil
$0.31
$0.28
$3.8 Bil
-9.7%
-2.5%
-12.9%
5.7%
-1.3%
2.9%
3/9/2012
9:15:00 AM
Feb '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.02
$3.6 Bil
($0.01)
($0.02)
$3.6 Bil
300.0%
0.3%
-91.4%
4.8%
0.9%
3.5%
6/22/2012
9:15:00 AM
May '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.20
$3.5 Bil
$0.10
$0.08
$3.6 Bil
100.0%
-0.3%
-22.8%
-2.3%
0.5%
-1.4%
9/25/2012
9:15:00 AM
Aug '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.53
$4.7 Bil
$1.48
$1.46
$4.7 Bil
3.4%
0.1%
-11.7%
-7.4%
4.3%
-7.3%
12/20/2012
9:15:00 AM
Nov '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.13
$3.6 Bil
$0.16
$0.14
$3.5 Bil
-18.8%
1.1%
-54.6%
-3.2%
-4.2%
-1.9%
3/15/2013
9:15:00 AM
Feb '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.08
$3.6 Bil
$0.06
$0.04
$3.5 Bil
33.3%
1.5%
400.0%
0.3%
-4.7%
0.0%
6/25/2013
8:00:00 AM
May '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.09
$3.5 Bil
$0.06
$0.06
$3.6 Bil
50.0%
-2.3%
-54.7%
-1.7%
2.9%
2.1%
9/24/2013
9:15:00 AM
Aug '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$1.38
$4.7 Bil
$1.33
$1.30
$4.7 Bil
3.8%
0.1%
-10.1%
0.9%
-4.6%
-8.7%
12/19/2013
9:15:00 AM
Nov '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.04
$3.7 Bil
$0.03
$0.00
$3.6 Bil
33.3%
2.2%
-64.3%
2.2%
4.0%
-
3/25/2014
9:15:00 AM
Feb '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.00
$3.6 Bil
($0.07)
($0.08)
$3.6 Bil
100.0%
0.4%
-96.9%
-0.2%
-3.4%
-0.6%
6/24/2014
8:24:00 AM
May '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.10
$3.6 Bil
$0.05
$0.02
$3.6 Bil
100.0%
0.6%
11.1%
4.4%
-2.0%
-2.8%
9/23/2014
9:15:00 AM
Aug '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.58
$4.9 Bil
$1.48
$1.43
$4.9 Bil
6.8%
0.3%
14.8%
4.7%
4.2%
-4.4%
12/19/2014
9:15:00 AM
Nov '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.27
$3.7 Bil
$0.23
$0.19
$3.8 Bil
17.4%
-2.4%
500.0%
1.6%
0.0%
2.8%
3/27/2015
9:15:00 AM
Feb '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.20
$3.5 Bil
$0.13
$0.09
$3.6 Bil
53.8%
-1.1%
7,850.0%
-1.5%
5.4%
2.0%
6/23/2015
9:15:00 AM
May '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.25
$3.6 Bil
$0.21
$0.16
$3.6 Bil
19.0%
0.8%
138.5%
-1.2%
0.0%
-1.0%
9/22/2015
9:15:00 AM
Aug '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$1.75
$4.9 Bil
$1.69
$1.63
$4.8 Bil
3.6%
1.3%
10.8%
-1.3%
-1.3%
-7.3%
12/18/2015
9:15:00 AM
Nov '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.50
$3.7 Bil
$0.47
$0.41
$3.7 Bil
6.4%
-0.2%
85.2%
-0.2%
2.4%
4.9%
3/30/2016
9:15:00 AM
Feb '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.39
$3.7 Bil
$0.37
$0.31
$3.6 Bil
5.4%
0.6%
89.3%
3.4%
2.3%
2.4%
6/28/2016
9:15:00 AM
May '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.49
$3.7 Bil
$0.43
$0.39
$3.7 Bil
14.0%
0.7%
93.9%
3.2%
3.5%
-3.1%
9/26/2016
9:15:00 AM
Aug '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$1.92
$5.1 Bil
$1.95
$1.89
$5.0 Bil
-1.5%
1.1%
3.8%
4.4%
1.5%
2.4%
EPS
Rev
-
-
-
$0.58
$3.9 Bil
-
-
16.0%
5.6%
EPS
Rev
-
-
-
$0.41
$3.9 Bil
-
-
5.1%
6.0%
12/21/2010
$45.18
$2.49
$14.47 Bil
-
-
-
12/20/2011
$32.75
$2.42
$15.79 Bil
-2.8%
9.2%
-27.5%
12/20/2012
$36.99
$1.88
$15.38 Bil
-22.3%
-2.6%
12.9%
12/19/2013
$38.05
$1.58
$15.46 Bil
-16.0%
0.5%
2.9%
12/19/2014
$44.79
$1.96
$15.88 Bil
24.1%
2.8%
17.7%
12/18/2015
$52.41
$2.70
$15.71 Bil
37.8%
-1.1%
17.0%
12/18/2016
$53.16
$3.36
$16.33 Bil
24.4%
3.9%
1.4%
12/18/2017
$61.59
$3.71
$17.10 Bil
10.4%
4.7%
15.9%
12/18/2018
-
$4.30
-
15.9%
-
-

Price Projection

Current Value
$53
0%
Projected Price
$62
16%