Carnival's European Outlook Hinders 2019 Forecast as Cyclical Headwinds Abroad Persist
Narrow-moat Carnival reported second-quarter results that were better than expected, with earnings per share of $0.66 versus our $0.58 forecast and initial guidance of $0.56-$0.60. However, this was largely due to the timing of expenses, with as-reported net cruise costs falling 2.2%, more than our flat year-over-year expectation. More important, the company’s outlook was dismal on the yield front, with 2019 as-reported net yields set to decline 2.5%, from a 1% downtick prior. While our forecast...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.