Report
Jaime Katz
EUR 101.80 For Business Accounts Only

Weather headlines fail to deter demand, as 2018 price increase is bolstered by strong brand equity.

Narrow-moat Carnival closed its full year with solid fourth-quarter performance, delivering as-reported yield growth of 6.5%, well ahead of the 4%-5% the company had forecast and the 4% we had implied in our model. That said, costs were inflated in the period, rising 8.4% excluding fuel, weighing on EBITDA margin potential. However, the initial 2018 outlook, which calls for earnings per share of $4 to $4.30, are in line with our prior $4.22 2018 EPS forecast, although we plan to adjust the compo...
Underlying
Carnival PLC

Provider
Morningstar
Morningstar

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.

Analysts
Jaime Katz

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch