Carnival Corp faces challenges from higher fuel prices and weaker pricing, leading Jefferies to lower its earnings estimates before the company's Q3 results on September 29. Fuel costs have risen sharply, with Brent crude up 33% since June, and Carnival remains unhedged against these increases. Jefferies cut revenue and EPS forecasts for 2026 and 2027 but maintained a 'buy' rating, citing strong occupancy rates that partly offset pricing pressure. The broker also reduced its price target to $33, reflecting increased earnings volatility and lower valuation multiples.
Carnival Corp shares trade at USD 21.83 on Pluang as of September 24, 2026, 02:21 WIB, down 2.02% for the day. Despite Jefferies' earnings cuts and price target reduction, Pluang investors show full buy interest with 100% buy orders and no sell activity. The stock's market cap stands at $30.52 billion, with a dividend yield of 2.02%, reflecting ongoing investor engagement ahead of the Q3 results on September 29.
