Carnival Corporation stock nears its yearly low before earnings

Published on 09/23/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen cut its target to USD 32 from USD 34 on September 22, 2026, citing fuel costs. Second-quarter revenue reached USD 6.66 billion.

Großes Kreuzfahrtschiff auf karibischem Meer bei Sonnenuntergang, Luftperspektive — Carnival Corp. Kreuzfahrtschiff segelt bei Sonnenuntergang durch türkisfarbenes karibisches Wasser, ISIN US1436583006, Illustration mit AI erstellt.

Carnival Corporation stock (ISIN US1436583006) traded at USD 22.31 on the NYSE on September 22, 2026, close to its 52-week low of USD 21.81. The price level comes as the cruise operator approaches its next scheduled earnings release on September 29, 2026.

Fuel costs pressure the target

TD Cowen lowered its Carnival price target to USD 32 from USD 34 on September 22, 2026, while maintaining a Buy rating, according to Investing.com. The USD 2 reduction reflects higher fuel-cost concerns, making operating expenses the key counterweight to Carnival's earnings recovery.

The revised target remains USD 9.69 above the USD 22.31 closing price cited in the same September 22, 2026 market update. That gap is a quantified comparison, but it does not remove the cost risk highlighted by the analyst action.

Second-quarter revenue reached USD 6.66 billion

Carnival reported USD 6.66 billion in revenue and adjusted earnings of USD 0.41 per share for its second fiscal quarter of 2026, according to MarketBeat. Revenue increased 5.3 percent from the comparable quarter, while EPS exceeded the USD 0.34 consensus estimate by USD 0.07.

The upcoming third quarter carries a higher seasonal revenue base. TradingView estimates cited on September 22, 2026 put third-quarter fiscal 2026 revenue at USD 8.40 billion and EPS at USD 1.36, compared with the reported second-quarter revenue of USD 6.66 billion and EPS of USD 0.41, according to Ad-hoc-News.

September 29 sets the next test

Zacks identifies September 29, 2026 as Carnival's confirmed next earnings release date and expects EPS of USD 1.36, down 4.9 percent year over year, according to Zacks. The scheduled report will therefore test whether higher seasonal revenue can offset the fuel-cost pressure reflected in TD Cowen's target reduction.

Stock stays near the yearly low

Carnival stock closed at USD 22.31 on the NYSE on September 22, 2026. MarketBeat reported an intraday last-traded price of USD 22.8640 and volume of 6,845,231 shares in its September 22 update, alongside a market capitalization of USD 30.84 billion.