Tigress Financial maintains Buy rating on Carnival, $42 price target

Levi's reported Q3 revenue of $8.44B, up 3.5% YoY, beating estimates. Carnival's stock rose 19.2% post-earnings. Scholastic saw revenue decline 3.9% YoY, missing estimates. Nike's revenue fell 4.3% YoY, slightly below expectations. Delta's revenue grew 21.1% YoY, topping estimates but missing EPS guidance. The market has shifted focus from AI to geopolitics and back to fundamentals.

Carnival, Royal Caribbean, MSC, and Norwegian Cruise Line are investing in private destinations to boost passenger spending and profitability. Carnival expects 3.5 million passengers at its Caribbean destinations next year. Royal Caribbean's Perfect Day at CocoCay has driven demand for shorter itineraries. Disney Cruise Line expanded with Lookout Cay at Lighthouse Point. These investments aim to enhance the cruise experience and generate additional revenue.

Carnival Corp (CCL) reported Q3FY26 adjusted EPS of $1.43, beating estimates of $1.36, with revenue up 3.5% YoY to $8.44B. Shares rose 3.60% to $26.48, outpacing broader market gains. The company raised FY26 EPS guidance to $2.24 but lowered Q4 EPS outlook to 20 cents, below the 26-cent estimate. Customer deposits hit a record $7.6B, indicating strong future demand. Analysts remain mostly bullish, with a consensus price target of $33, implying 24.7% upside.

Carnival Corporation (NYSE:CCL) stock rose Tuesday as crude oil prices fell. The cruise operator reported Q3 earnings of $1.43 EPS, beating estimates, with revenue up 3.5% YoY. It raised fiscal 2026 EPS guidance to $2.24. Analysts are mostly bullish, with a consensus target of $33. The stock is up 3.6% at $26.48.

Consumer ETFs XLP and XLY fell 1.86% and 0.47% respectively. Carnival (CCL) rose 15.8% on strong Q3 results, record bookings, and a higher price target. Mattel (MAT) gained 14.9% amid takeover speculation. Stitch Fix (SFIX) jumped 21% after an upgrade from Mizuho. Faraday Future (FFAI) dropped 23% on a proposed robotics deal.

Carnival Corporation (CCL) reported Q3 earnings of $1.43 per share, beating estimates by $0.08. The company offers a 1.56% dividend yield with a 19% payout ratio, and its stock is fairly valued at $25.76. CCL has a GF Score of 76, reflecting strengths in profitability and valuation but weaknesses in financial strength. Institutional investors show mixed sentiment, with 9 gurus increasing positions and 4 trimming them, while insiders sold $13.5 million in shares over the past year.