Carnival to Report Third Quarter Earnings September 29
Investors are weighing revised analyst price targets as the company prepares to announce its latest quarterly figures.
Updated on Sept. 21, 2026 in Corporate Finance
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Carnival Corporation will release its third-quarter financial results on September 29, 2026. Analysts currently project the cruise operator will report earnings of $1.35 per share on $8.4 billion in quarterly revenue.
Why it matters
Market participants are recalibrating their expectations for the firm, evidenced by a series of recent price target adjustments from major financial institutions. These revisions follow the company's second-quarter results reported on June 23, 2026.
Analysts maintain price targets between $29 and $35 for the company, while the stock closed at $21.84 on September 18, 2026, following a 1.5% single-day decline.
The players
Carnival Corporation
A global cruise line operator based in Miami that maintains a significant presence in the leisure travel market.
Goldman Sachs
A global investment bank that provides market analysis and equity research for institutional and individual investors.
Stifel
A financial services firm that provides investment banking and brokerage services with a focus on market research.
Barclays
An international financial services group that provides banking and investment research across global markets.
Deutsche Bank
A global multinational investment bank and financial services company that issues equity ratings.
The details
Wall Street firms rely on proprietary accuracy models to refine their forecasts of company performance, often adjusting price targets based on recent operational data. Investors monitor these shifts through financial platforms to gauge market sentiment regarding the operator's scale and competitive position heading into the quarterly announcement.
Timeline
June 23, 2026: Carnival reported second-quarter financial results.
July 23, 2026: Truist Securities updated its Carnival price target.
September 15, 2026: Deutsche Bank updated its Carnival price target.
September 16, 2026: Stifel and Barclays updated their Carnival price targets.
September 29, 2026: Carnival releases third-quarter earnings.
Market Landscape
This earnings release follows the second-quarter financial results reported on June 23, 2026. The upcoming announcement serves as a critical update to the company's performance trajectory established in that prior filing.
Operators should monitor the September 29 earnings release for specific shifts in revenue guidance and margin performance. Comparing these actuals against the consensus $1.35 earnings per share estimate will provide the clearest signal for industry-wide demand trends.
The takeaway
The upcoming earnings announcement provides a definitive look at the operator's recent performance relative to analyst expectations. Keep the September 29 release date on your calendar to track how actual revenue figures compare against the $8.4 billion consensus estimate.
What happens next
Carnival Corporation is scheduled to release its third-quarter earnings on September 29, 2026.
Further reading
For more on industry performance metrics, visit the Corporate Finance section.
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