12:00 PM EDT, 03/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Carnival Corporation ( CCL ) reported strong FQ1 2025 results, with adjusted EBITDA of $1.21B (+38.3% Y/Y) beating consensus of $1.06B, while revenue of $5.81B (+7.6% Y/Y) topped estimates of $5.74B. Adjusted EPS of $0.13 versus -$0.14 last year beat consensus by $0.11, driven by robust demand with 103% occupancy (+100 bps Y/Y) and net yields (+7.3%) outperforming guidance by 270 bps. Management guided FY 25 adjusted EBITDA to $6.7B (+10%), above our $6.5B estimate, while maintaining a positive outlook with net yield growth of 4.7% and adjusted cruise costs up 3.8%. We believe booking trends remain favorable with strong pricing for 2025 and 2026 bookings tracking in line, suggesting effective inventory management and demand forecasting will sustain yield growth. The company's recent $5.5B debt refinancing is expected to generate $145M in annual interest savings, while net leverage improved to 4.1x from 6.1x last year, supporting management's goal of achieving investment-grade metrics by 2026.