Carnival: Near-Term Fuel Risks Mitigated By Promising FY2029 Guidance
Carnival Corporation is experiencing strong booking trends and elevated customer deposits, which help mitigate near-term fuel cost risks. The company has provided promising adjusted EPS guidance for FY2029 and plans to return $14 billion through dividends and buybacks. Despite macroeconomic challenges, Carnival's stock shows significant upside potential based on its discounted P/E ratio.
- ▪Carnival has strong booking trends at higher prices, leading to increased customer deposits through 2027.
- ▪The company has provided promising FY2029 adjusted EPS guidance and plans to return $14 billion through dividends and buybacks.
- ▪Carnival's stock has a discounted P/E ratio of 12.22x, indicating significant upside potential.
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