Carnival Corp. (CCL) Stock Shows Volatility Today Following Mixed Earnings Results

NEW YORK (TheStreet) -- Carnival Corporation (CCL) shares are showing volatility in early market trading on Friday following the release of the company's fourth quarter earnings results today.

The company reported a fourth quarter net income loss of $102 million, though adjusted for non-recurring and restructuring costs the company earned a positive EPS of 27 cents per diluted share. Analysts on average were expecting the company to report earnings of 19 cents per diluted share.

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Revenue for the quarter failed to meet analyst guidance as the cruise line generated $3.72 billion in revenue during the period, short of the $3.79 billion analysts were expecting.

For the current quarter the company forecast earnings between 7 cents and 11 cents per share, in line with analysts' 10 cent per share earnings expectations.

TheStreet Ratings team rates CARNIVAL CORP/PLC (USA) as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CARNIVAL CORP/PLC (USA) (CCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

CCL Chart CCL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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