• Carnival Corporation & plc (NYSE:CCL) reported earnings of $1.43 per share, beating the Zacks Consensus estimate.
• The company's revenue reached a record $8.2 billion for the third quarter, indicating strong financial performance.
• Carnival is considered undervalued with a forward price-to-earnings ratio of 13.7, and its stock has a potential upside of about 38.1%.

Carnival Corporation & plc (NYSE:CCL) is a leading player in the global cruise industry, known for its diverse portfolio of brands including Carnival Cruise Line, AIDA Cruises, and Princess Cruises. As the largest cruise company worldwide, Carnival has consistently demonstrated strong financial performance, as evidenced by its recent third-quarter 2025 results.

On October 15, 2025, Tigress Financial set a price target of $40 for CCL, suggesting a potential upside of about 38.1% from its trading price of $28.97 at the time. This optimistic outlook is supported by Carnival's impressive earnings report, where it posted earnings of $1.43 per share, surpassing the Zacks Consensus estimate of $1.32 by $0.11.

Carnival's revenue for the third quarter reached a record $8.2 billion, an increase of over $250 million from the previous year. This strong financial performance has led the company to raise its full-year 2025 guidance, prompting analysts to revise their earnings estimates upward. The stock is considered undervalued, with a forward price-to-earnings ratio of 13.7.

The company's shares are currently trading at $29.06, reflecting a slight increase from the previous session. Over the past year, CCL's stock has fluctuated between a high of $32.80 and a low of $15.07. With a market capitalization of approximately $38 billion, Carnival remains a significant player in the cruise industry.

Carnival's consistent earnings growth, highlighted by its 12th consecutive quarter of beating earnings expectations, underscores the strong demand for cruising. The company is expected to grow its earnings by 47.9% this year, reinforcing its position as a Zacks Rank #1 (Strong Buy) stock.