Carnival : Q4 results are good but do not ease our fears regarding the stock
>2019 annual results higher than expected in the end - In the end, Carnival reported solid 2019 results that were slightly higher than expected, thanks to the “surprise†improvement in business in Q4 after three broadly disappointing quarters. Full-year adjusted EPS came to $ 4.40, beating the consensus forecast of $ 4.27 (guidance $ 4.23-4.27) and our estimate of $ 4.19. The fall in yields ultimately came to 0.2% (vs -0.4% forecast) and cruise costs excluding fuel fe...Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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