Cruise and vacation company Carnival Corporation (
) will report its fourth quarter earnings report on Thursday.
Nomura Securities analysts say investors should be ready to buy
following pullback if CCL guidance is weak.
Wall Street analysts are expecting Carnival to report EPS of 11
cents on revenues of $3.54 billion. Analysts at Nomura Securities
believe that Carnival will also report a conservative guidance for
2013 as the company has historically been conservative with
"If guidance is conservative, as we expect it to be, and both
CCL and Royal Caribbean Cruises (
) pull back, we would buy both on weakness," Nomura analyst Harry
C. Curtis said.
Nomura Securities has a "Buy" rating on CCL and a price target
of $42.00. The price target is a +9% upside to Monday's closing
price of $38.60.
Carnival shares were up 40 cents, or +1.04%, in premarket
trading on Tuesday.
The Bottom Line
Shares of Carnival Corporation (
) have a 2.59% dividend yield, based on last night's closing stock
price of $38.60. The stock has technical support in the $34-$35
price area. If the shares can firm up, we see overhead resistance
around the $40-$41 price levels.
Carnival Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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