Carnival Corporation will release its Q1 2026 earnings on March 27, with key focus on rising fuel costs, regional demand shifts, and pricing trends. Bank of America analysts note Carnival is the first unhedged travel company reporting in this environment, leading to lowered 2026 EPS and EBITDA forecasts due to higher fuel prices. Despite a $650 million EBITDA reduction and $0.47 EPS decline forecast, analysts advise investors to consider 2027 outlooks where fuel prices may normalize. Regional trends, especially in the Caribbean, Europe, and Alaska, alongside onboard spending, will be closely watched. Bank of America maintains a 'Buy' rating with a $45 price target, suggesting upside from current levels around $26.
