Carnival's Shares Decline 19% In 1 Year: Can It Recover?
Zacks Investment Research | Jun 03, 2019 08:37AM ET
Carnival Corporation (NYSE:CCL) continues to gain from solid booking trend, strategic initiatives, the launch of ships and burgeoning demand for cruise travel. However, its drab guidance for second-quarter and fiscal 2019, and higher costs are major concerns at the moment.
The company expects fiscal 2019 EPS to be $4.35-$4.55, down from the prior $4.50-$4.80. Higher net cruise costs and political uncertainty in Germany and France are also hurting the company’s performance.
Resultantly, shares of Carnival have lost 19.1% in the past year compared with 4.9% decline of the Original post
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