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Carnival (CCL) Gains As Market Dips: What You Should Know
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In the latest trading session, Carnival (CCL - Free Report) closed at $10.65, marking a +0.38% move from the previous day. This move outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 6.06%.
Heading into today, shares of the cruise operator had gained 7.5% over the past month, outpacing the Consumer Discretionary sector's gain of 1.51% and the S&P 500's gain of 0.85% in that time.
Investors will be hoping for strength from Carnival as it approaches its next earnings release. The company is expected to report EPS of -$0.34, up 79.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, up 100.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.29 per share and revenue of $21.09 billion. These totals would mark changes of +93.79% and +73.35%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 1.56% higher. Carnival currently has a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CCL in the coming trading sessions, be sure to utilize Zacks.com.
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Carnival (CCL) Gains As Market Dips: What You Should Know
In the latest trading session, Carnival (CCL - Free Report) closed at $10.65, marking a +0.38% move from the previous day. This move outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 6.06%.
Heading into today, shares of the cruise operator had gained 7.5% over the past month, outpacing the Consumer Discretionary sector's gain of 1.51% and the S&P 500's gain of 0.85% in that time.
Investors will be hoping for strength from Carnival as it approaches its next earnings release. The company is expected to report EPS of -$0.34, up 79.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, up 100.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.29 per share and revenue of $21.09 billion. These totals would mark changes of +93.79% and +73.35%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 1.56% higher. Carnival currently has a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CCL in the coming trading sessions, be sure to utilize Zacks.com.