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Carnival (CCL) Dips More Than Broader Markets: What You Should Know
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Carnival (CCL - Free Report) closed the most recent trading day at $22.86, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.58% loss on the day.
Coming into today, shares of the cruise operator had gained 2.28% in the past month. In that same time, the Consumer Discretionary sector gained 1.8%, while the S&P 500 gained 0.16%.
Wall Street will be looking for positivity from CCL as it approaches its next earnings report date. On that day, CCL is projected to report earnings of -$1.40 per share, which would represent year-over-year growth of 36.07%. Our most recent consensus estimate is calling for quarterly revenue of $568.35 million, up 1733.37% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$6.01 per share and revenue of $2.62 billion, which would represent changes of +19.54% and -53.19%, respectively, from the prior year.
Any recent changes to analyst estimates for CCL should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.21% lower. CCL is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Carnival (CCL) Dips More Than Broader Markets: What You Should Know
Carnival (CCL - Free Report) closed the most recent trading day at $22.86, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.58% loss on the day.
Coming into today, shares of the cruise operator had gained 2.28% in the past month. In that same time, the Consumer Discretionary sector gained 1.8%, while the S&P 500 gained 0.16%.
Wall Street will be looking for positivity from CCL as it approaches its next earnings report date. On that day, CCL is projected to report earnings of -$1.40 per share, which would represent year-over-year growth of 36.07%. Our most recent consensus estimate is calling for quarterly revenue of $568.35 million, up 1733.37% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$6.01 per share and revenue of $2.62 billion, which would represent changes of +19.54% and -53.19%, respectively, from the prior year.
Any recent changes to analyst estimates for CCL should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.21% lower. CCL is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.