Carnival (NYSE: CCL) is expected to report Q4 earnings on Dec. 20. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Carnival's revenues will shrink -3.8% and EPS will shrink -57.1%.

The average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is $0.12.

Revenue details
Last quarter, Carnival chalked up revenue of $4.68 billion. GAAP reported sales were 7.4% lower than the prior-year quarter's $5.06 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.53. GAAP EPS of $1.71 for Q3 were 1.2% higher than the prior-year quarter's $1.69 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 44.6%, 20 basis points better than the prior-year quarter. Operating margin was 30.3%, 200 basis points better than the prior-year quarter. Net margin was 28.4%, 200 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.15 billion. The average EPS estimate is $1.87.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carnival is outperform, with an average price target of $37.48.

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