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NEW YORK (TheStreet) -- Carnival Corp. (CCL) stock is increasing 0.29% to $49.06 in afternoon trading on Monday ahead of the company's fiscal 2016 first quarter financial report, due out on Wednesday before the market open.

The Doral, FL-based cruise line operator is expected to deliver a year-over-year increase in earnings per share and revenue.

Wall Street is anticipating earnings of 32 cents per share on revenue of $3.63 billion for the latest quarter. Last year, Carnival posted earnings of 20 cents per share on $3.53 billion in revenue for the fiscal 2015 first quarter.

Investors are also anticipating updates on company's newest markets, China and Cuba, and any changes to the 2016 guidance, Reuters reported.

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Last week, Carnival announced that it gained approval to travel to Cuba beginning on May 1.

Separately, Carnival has a "buy" rating and a letter grade of B+ at TheStreet Ratings because of the company's impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels, good cash flow from operations and expanding profit margins.

You can view the full analysis from the report here: CCL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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