{"id":33059,"date":"2024-06-25T18:16:48","date_gmt":"2024-06-25T18:16:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/revenue-pops-18-on-continued-demand\/"},"modified":"2024-06-25T18:16:48","modified_gmt":"2024-06-25T18:16:48","slug":"revenue-pops-18-on-continued-demand","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/revenue-pops-18-on-continued-demand\/","title":{"rendered":"revenue pops 18% on continued demand"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div>\n<p>Carnival Corp (NYSE: CCL) is trading up in premarket on Tuesday after reporting market-beating financial results for its second quarter.\u00a0<\/p>\n<p><span class=\"news-article-by-paragraph \"><\/p>\n<p><strong><em>Are you looking for signals &amp; alerts from pro-traders? <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta_p&amp;fragment=text-link&amp;guid=MTY5NzkwOQ==\">Sign-up to Invezz Signals\u2122 for FREE<\/a>. Takes 2 mins.<\/em><\/strong><\/p>\n<p><\/span><\/p>\n<p>Carnival stock does not currently pay a dividend. <\/p>\n<h2 class=\"wp-block-heading\" id=\"carnival-stock-gains-on-upbeat-guidance\">Carnival stock gains on upbeat guidance<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>The stock is being rewarded also because CCL issued encouraging guidance for the future. The cruise company now forecasts its adjusted net income to print at $275 million this year.<\/p>\n<p>Carnival also expects net yields to come in at 10.25% in fiscal 2024. Josh Weinstein \u2013 its chief executive said in a <a href=\"https:\/\/www.carnivalcorp.com\/news-releases\/news-release-details\/carnival-corporation-plc-reports-record-second-quarter-revenues\" target=\"_blank\" rel=\"noreferrer noopener\">press release<\/a> today:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>On our upwardly revised guidance, we will be on average around two-thirds of the way to achieving our three 2026 SEA Change targets after just one year. With two years remaining, it certainly gives us even more conviction in achieving these deliverables.<\/p>\n<\/blockquote>\n<p>Wall Street currently has a consensus \u201coverweight\u201d rating on Carnival stock that\u2019s down some 2.0% versus its year-to-date high at writing.\u00a0<\/p>\n<section class=\" advert-reload  in-content-2 relative bg-grey-100 inv-component-break-container p-4 md:p-5 \" data-advertid=\"1416328\" data-advert=\"in-content-2\" data-offertype=\"crypto\">\n<div class=\"md:grid grid-cols-4 md:gap-4\">\n<main class=\"col-span-3\"><\/p>\n<p>\n<span class=\"font-900\">Featured Broker<\/span>\n<\/p>\n<h2 class=\"wp-block-heading\">Looking to invest?<\/h2>\n<p>Invest and trade CFD stocks, ETFs, digital assets &amp; commodities in minutes with our highest-rated broker.<\/p>\n<p><\/main><\/p>\n<aside class=\"md:flex items-center justify-center\">\n<p><a href=\"https:\/\/invezz.com\/visit\/kraken-crypto?block=news-single&amp;component=np_iccta_p&amp;fragment=button&amp;guid=MTY5NzkwOQ==\" target=\"_blank\" class=\"inv-button font-700 text-center&#10;&#10;&#9;&#10;&#9; block w-full &#10;&#9;bg-yellow-900 border-yellow-900 text-white hover:bg-yellow-500 px-4 py-4 inv-button--icon-hover-only inv-button-animate-icon inv-button-animate-icon--move-right z-10 relative\" rel=\"nofollow noopener sponsored\"><br \/>\n<span class=\"flex items-center content-center\"><br \/>\nOpen your account<br \/>\n<i class=\"fa fa fa-arrow-right ms-2\"\/><br \/>\n<\/span><br \/>\n<\/a><br \/>\n<\/aside>\n<\/div>\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<\/section>\n<h2 class=\"wp-block-heading\" id=\"carnival-q2-earnings-snapshot\">Carnival Q2 earnings snapshot<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<ul>\n<li>Net income increased some $500 million YoY to $92 million<\/li>\n<li>Per-share earnings also improved significantly to 7 cents<\/li>\n<li>Adjusted EPS printed at 11 cents as per the earnings report<\/li>\n<li>Revenue jumped 18% year-over-year to $5.78 billion<\/li>\n<li>Consensus was 20 cents a share loss on $5.7 billion in revenue<\/li>\n<\/ul>\n<p>Carnival saw gross margin yields increase by nearly 50% in its second quarter while total customer deposits jumped to an all-time high of $8.3 billion. CEO Weinstein also said on Tuesday:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>We have made incredible strides in improving our commercial operations, strategically reallocating our portfolio composition and formulating growth plans, while strengthening even further our global team, the best in the business.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\" id=\"carnival-stock-price-forecast\">Carnival stock price forecast<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>Carnival stock has been seeing bullish momentum in weeks ahead of its earnings release. It is currently trading comfortably above its 5-day, 20-day, and 50-day exponential moving averages. <\/p>\n<p>Plus, it is well above its 200-day simple moving average as well at writing. Other technical indicators that currently suggest a bullish trend in CCL shares include the MACD and Bollinger Bands. Note that analysts at JPMorgan continue to rate Carnival stock at \u201coverweight\u201d and see upside in it to $21 that translates to about a 25% upside from here.<\/p>\n<p>JPM analysts are positive on Carnival shares as they see \u201ccontinued progress on the multi-year portfolio opportunity at CCL\u201d. Other than strength in Aida and the Carnival brand, analysts at the investment firm expect the New York listed company to improve its European fleet as well.<\/p>\n<p>Invzz expert Harsh Vardhan is also convinced that <a href=\"https:\/\/invezz.com\/news\/2024\/05\/13\/carnival-stock-has-surged-but-is-ccl-still-a-good-buy\/\">Carnival shares are not currently overvalued<\/a>.<\/p>\n<p><\/p>\n<div class=\"advert-reload flex flex-wrap mb-4 inv-advert inv-advert-news inv-component-break-container bg-grey-100 px-4 pt-4 pb-3 \" data-advertid=\"1244463\" data-advert=\"news-single\" data-offertype=\"\">\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<div class=\"leading-150 w-full lg:w-auto lg:flex-1 inv-advert-news__main-content\">\n<p>Want easy-to-follow crypto, forex &amp; stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta&amp;fragment=text-link&amp;guid=MTY5NzkwOQ==\" target=\"_blank\" rel=\"noopener\">Invezz Signals\u2122<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/invezz.com\/news\/2024\/06\/25\/carnival-q2-earnings-report-2\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) Carnival Corp (NYSE: CCL) is trading up in premarket on Tuesday after reporting market-beating financial results for its second quarter.\u00a0 Are you looking for signals &amp; alerts from pro-traders? Sign-up to Invezz Signals\u2122 for FREE. Takes 2 mins. Carnival stock does not currently pay a dividend. Carnival stock gains [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":33060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33059"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33059"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33060"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}