Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Carnival Cruise Line to Report Earnings Tomorrow, Analysts Expect High Earnings

Carnival Cruise Line (NYSE: CCL) is expected to post its lastest quarterly report Tuesday, and to some surprise, could be posting higher earnings year-over-year.

Analysts are projecting approximately $2.53 earnings per share and $4.8 billion in revenue. According to The Street, these figures are up approximately 27% year-over-year. As for 2016 projections, some analysts are now looking at earnings as high as $3.28 per share, or about 28%.

Carnival Cruise Line has been on a lucky streak of sorts for the past 14 quarters, beating analysts’ expectations at every turn. The company will announce tomorrow if they can make it 15. Currently, the company boasts a 52-week high of $54.05 with a $31.9 billion market cap.

Some analysts have said that high expenses may harm Carnival’s potential reported revenue, however, with the company expanding its mission to become more environmentally friendly. Further, economic turmoil in other parts of the world, particularly China, may effect revenue results, as well.

Company for a Cause

Carnival announced recently it has raised $5 million for St. Jude’s Children’s Hospital, reaching the fundraising goal two years early. Since 2010, according to Examiner, the cruise company raised $8 million total for the hospital, which specializes in treating childhood cancer and other life threatening illnesses.

The company made the announcement Sunday and Carnival President Christine Duffy stated Carnival now aims to raise $10 million by 2020.

Shares are currently moving at $52.35.

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