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Carnival Corporation (CCL) Surges: Why It Still Has Room to Run?
January 09, 2014
One company that should be on your radar is
Carnival Corporation ( CCL - Analyst Report) . The stock of this international cruise and vacation company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For CCL’s full year estimate, we have seen 11 estimates go higher in the past 30 days, compared to no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $1.58 a share 1 month ago to its current level of a $1.68.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, CCL has seen some pretty solid trading lately, as the company has moved higher by 10.65% in the past month.
If Carnival Corporation can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put CCL on your watch list for the future.
Other top-ranked stocks worth considering in this space include SeaWorld Entertainment, Inc. ( SEAS - Snapshot Report) , HomeAway, Inc. , and SFX Entertainment Inc. . SeaWorld Entertainment carry a Zacks Rank #1 (Strong Buy), while both HomeAway and SFX Entertainment hold Zacks Rank #2 (Buy).
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