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Carnival (CCL) Stock Moves -0.42%: What You Should Know
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Carnival (CCL - Free Report) closed the most recent trading day at $9.45, moving -0.42% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.16%. Elsewhere, the Dow lost 1.08%, while the tech-heavy Nasdaq lost 7.95%.
Coming into today, shares of the cruise operator had lost 4.81% in the past month. In that same time, the Consumer Discretionary sector gained 0.99%, while the S&P 500 gained 1.53%.
Wall Street will be looking for positivity from Carnival as it approaches its next earnings report date. On that day, Carnival is projected to report earnings of -$0.34 per share, which would represent year-over-year growth of 79.27%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, up 100.23% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.30 per share and revenue of $21.08 billion, which would represent changes of +93.58% and +73.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Carnival. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.95% higher within the past month. Carnival is currently sporting a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Stock Moves -0.42%: What You Should Know
Carnival (CCL - Free Report) closed the most recent trading day at $9.45, moving -0.42% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.16%. Elsewhere, the Dow lost 1.08%, while the tech-heavy Nasdaq lost 7.95%.
Coming into today, shares of the cruise operator had lost 4.81% in the past month. In that same time, the Consumer Discretionary sector gained 0.99%, while the S&P 500 gained 1.53%.
Wall Street will be looking for positivity from Carnival as it approaches its next earnings report date. On that day, Carnival is projected to report earnings of -$0.34 per share, which would represent year-over-year growth of 79.27%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, up 100.23% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.30 per share and revenue of $21.08 billion, which would represent changes of +93.58% and +73.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Carnival. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.95% higher within the past month. Carnival is currently sporting a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.