|Bid||10.98 x 0|
|Ask||0.00 x 0|
|Day's range||10.40 - 11.05|
|52-week range||10.40 - 11.05|
|Beta (5Y monthly)||2.04|
|PE ratio (TTM)||N/A|
|Earnings date||22 Sept 2022 - 26 Sept 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
After cruise stocks sank in response to an analyst's downgrade Monday, investors refloated their boats on Tuesday morning, apparently based on some optimistic commentary from the CEO of Carnival (NYSE: CCL). As of 11 a.m. ET, shares of Carnival had regained 2.6%, Norwegian Cruise Line Holdings (NYSE: NCLH) was up 3.1%, and Royal Caribbean (NYSE: RCL) was leading the pack higher with a 3.9% gain. Citing recession risk, investment bank Stifel Nicolaus "drastically" cut its earnings estimates for Carnival on Monday.
Image source: The Motley Fool. Carnival (NYSE: CCL)Q2 2022 Earnings CallJun 24, 2022, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Arnold Donald Good morning, and welcome to our business update conference call.
Shares of cruise line stocks had a rough start to the week after a Wall Street analyst downgraded expectations because of the risk of a recession. Shares are trading lower for all of the major cruise lines despite the stock market rising slightly in morning trading. As of 11:00 a.m. ET, Carnival Corporation (NYSE: CCL) is down 2.9%, Norwegian Cruise Line (NYSE: NCLH) is down 3%, and Royal Caribbean Cruises (NYSE: RCL) has fallen 3.5%.