Carnival's (CCL) fiscal Q3 net yield is expected to rise 1.3% year over year, above the company's 1.2% guidance, UBS Securities said in an earnings preview.
The company is scheduled to report its Q3 results Tuesday.
The investment firm said in a note Thursday that it estimates adjusted EBITDA at $2.88 billion, broadly in line with guidance, and adjusted EPS at $1.36 versus guidance of approximately $1.35. NCCs excluding fuel are seen rising 2.5%, versus guidance of 2.8%.
Recent checks with large US cruise sellers indicated strong bookings for Q1 Caribbean, summer Europe and Alaska sailings next year, UBS said.
The brokerage also said it sees no risk to Carnival's Q4 outlook, while higher fuel prices could reduce fiscal 2026 EPS by $0.07 and fiscal 2027 EPS by $0.29.
UBS has a buy rating on the company's stock, with a $36 price target.
Shares of Carnival were up 2.3% in Friday afternoon trading.
Price: 22.30, Change: +0.51, Percent Change: +2.32
