of the global cruise company Carnival Corporation (New York Stock Exchange: CCL) A strong Q4 performance is unlikely to surprise users of TipRanks’ website traffic tool. With this tool, investors can prepare for expected outcomes well ahead of the company’s earnings.
Solid top-line numbers with expected website traffic growth
Revenue in the fourth quarter was $3.8 billion, up almost 200% year-over-year. Carnival also reported an adjusted loss of $0.85 per share, compared with his loss of $1.72 last quarter.
Interestingly, the TipRanks website tool showed a 107.8% year-over-year increase in website visits this quarter. Q4 traffic surged from 9.59 million to 19.93 million year-on-year, marking the highest number of website visits in September. This indicates that Carnival results may benefit from increased demand for leisure travel as COVID-19 eases restrictions.
Potential for future growth
The company’s year-to-date website traffic trend shows a 119.81% jump year-on-year. Increasing website data means that Carnival is likely to continue to grow.
It’s worth mentioning that the company has witnessed a strong pre-booking volume trend. Carnival said in its last earnings call that “2023 voyages are approaching comparable booking levels for 2019, with November bookings above his 2019 levels.”
In addition, the company continues to focus on saving fuel costs and increasing production capacity. Carnival is looking to replace about 50% of its capacity with larger, technologically advanced and more efficient ships. This should help attract more travelers and support the company’s revenue growth.
Should I buy, hold, or sell CCL shares?
On TipRanks, CCL has a pending consensus rating based on 5 buys, 5 holds, and 2 sells. An average price target of $11.54 implies a 47.7% upside potential. The stock is down 63.5% year-to-date.
thoughts of the end
Carnival’s efforts to increase capacity and bookings reflect its growth potential. That said, challenging macroeconomic conditions, such as supply chain issues and rising fuel prices, could affect the company’s results to some extent.
In times of economic uncertainty, analyzing consumer behavior patterns can be a daunting task. You can use our his website traffic tool to enhance your stock research.
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