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Carnival riding the dollar wave

The cruise operator is a major dollar-earner, but solid underlying trading is also encouraging to see
March 30, 2017

While the majority London-listed travel firms grapple with global security fears, one such company seems fairly relaxed. At least, that's what first quarter numbers from cruise company Carnival (CCL) suggest. The owner of Cunard and Princess Cruises reported first-quarter EPS of 38¢ (31p), comfortably beating consensus forecasts of 32¢. Management went on to say that cumulative advance bookings for the remainder of 2017 were "well ahead of the prior year at considerably higher prices", prompting analysts at Numis to raise EPS forecasts for the current year by 5.5 per cent.

IC TIP: Buy at 4,577p