Carnival Corp Q4 2020 earnings preview

$Carnival Corp(CCL.US)$ is scheduled to announce its Q4 2020 earnings result premarket on Monday, January 11.

Carnival Corp is a British-American cruise operator, currently the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands.

• According to Bloomberg, analysts are forecasting earnings per share of -$1.86, on revenue of $132.7 million (-97.2% YoY).

• In the past 2 years, Carnival Corp has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time.

• 2 of 17 analysts have Buy ratings on Carnival Corp, while 12 analysts have a Hold or the equivalent rating. 3 analysts rate Carnival Corp as Sell. The average analyst price target is $18.00 implying a 12.1% downside.

Carnival's sales have been cut off by the pandemic amid an enduring halt to cruises globally, which was first announced in 1Q and is now expected to last until March following the CDC's latest alert in November. While its Carnival Cruise brand may resume voyages in early March, Princess, Holland America and P&O don't plan to sail again before April 1. To preserve liquidity, Carnival suspended dividends and share buybacks and cut its capex budget. The company estimates that it can break even on a ship cash-flow basis at 30-50% occupancy, and on a fleet basis with 25% of ships at full service, which may point to a 2H21 recovery.

Before suspending guidance in March, Carnival expected a 0.5% yield decline for 2020 (excluding mix effects and delivery delays). Planned capacity-day growth had been 6.6% in 2020 and 4.9% in 2021.

-Brian Egger, Bloomberg analyst

• Carnival Corp will hold the conference call at 10:00 AM EDT Monday, January 11.

Simulations Plus Inc Q1 2021 earnings preview

$Simulations Plus Inc(SLP.US)$ is scheduled to announce its Q1 2021 earnings result on Monday, January 11 after the market closes.

Simulations Plus Inc develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries.

• According to Bloomberg, analysts are forecasting earnings per share of $0.11 (-4.4% YoY), on revenue of $10.65 million (13.3% YoY).

• In the past 2 years, Simulations Plus has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time.

• 4 of 4 analysts have Buy ratings on Simulations Plus. The average analyst price target is $82.75 implying a 0.5% upside.

• Simulations Plus will hold the conference call at 4:15 PM EDT Monday, January 11.

Synnex Corp Q4 2020 earnings preview

$Synnex Corp(SNX.US)$ is scheduled to announce its Q1 2021 earnings result on Monday, January 11 after the market closes.

Synnex Corp is an American multinational corporation that provides B2B IT services.

• According to Bloomberg, analysts are forecasting earnings per share of $3.28 (-22.9% YoY), on revenue of $6.57 billion (-0.1% YoY).

• In the past 2 years, Synnex Corp has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time.

• 5 of 8 analysts have Buy ratings on Synnex Corp, while 3 analysts have a Hold or the equivalent rating. No analysts rate Synnex Corp as Sell. The average analyst price target is $87.63 implying a 0.8% upside.

• Synnex Corp will hold the conference call at 5:00 PM EDT Monday, January 11.