Carnival Corporation & plc, quoted as CCL on NYSE, is a company which has been struggling financially in recent years. As of the time of writing this analysis, its stock price was 11.29 USD with a market cap of 14.6 billion USD and a year-high of 22.77 USD. Analyzing the revenue figures reported by Carnival Corporation & plc over the past five quarters provides an insight into their financial situation:
In the first quarter ending 20th March 2023, Carnival reported no revenue and a loss per share of -0.61 USD (estimated). This suggested that even before the global pandemic, their financial position was already weak.
The second quarter ending 21st December 2022 saw an estimated revenue of 391 million USD, but still reported a loss per share of -0.89 USD. This showed that while they had seen some improvement in their finances since the previous quarter, it was not sufficient to return them to profitability yet.
The third quarter ending 30th September 2022 marked a significant improvement in Carnival’s finances as their revenues jumped to 4.3 billion USD and EPS came back to -0.58USD.
The fourth quarter ended 24th June 2022 reported revenue of 2.4 billion USD with EPS at -1.14USD (estimated) indicating further improvements in financial performance from Carnival compared to previous quarters but still being in losses overall
Finally, for the fifth quarter ending 22nd March 2022, Carnival’s revenues were 1623 million USD and earnings per share stood at -1.26USD (estimated). Though this marked an overall decline from their last quarter’s results and could indicate further troubles for Carnival Corporation & plc in terms of keeping up with improving its financial performance and returning back to profitability sooner than later
