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Carnival (CCL - Free Report) closed at $26.08 in the latest trading session, marking a +1.22% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.59%.
Shares of the cruise operator have depreciated by 14.05% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 19.26%, and lagging the S&P 500's loss of 0.64%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. In that report, analysts expect Carnival to post earnings of $0.24 per share. This would mark year-over-year growth of 71.43%. At the same time, our most recent consensus estimate is projecting a revenue of $6.36 billion, reflecting a 7.13% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $26.64 billion, which would represent changes of +52.82% and +6.49%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Carnival. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Carnival is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Carnival is holding a Forward P/E ratio of 11.9. This denotes a discount relative to the industry average Forward P/E of 19.63.
We can additionally observe that CCL currently boasts a PEG ratio of 0.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Services was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 145, finds itself in the bottom 42% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Carnival (CCL) Laps the Stock Market: Here's Why
Carnival (CCL - Free Report) closed at $26.08 in the latest trading session, marking a +1.22% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.59%.
Shares of the cruise operator have depreciated by 14.05% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 19.26%, and lagging the S&P 500's loss of 0.64%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. In that report, analysts expect Carnival to post earnings of $0.24 per share. This would mark year-over-year growth of 71.43%. At the same time, our most recent consensus estimate is projecting a revenue of $6.36 billion, reflecting a 7.13% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $26.64 billion, which would represent changes of +52.82% and +6.49%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Carnival. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Carnival is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Carnival is holding a Forward P/E ratio of 11.9. This denotes a discount relative to the industry average Forward P/E of 19.63.
We can additionally observe that CCL currently boasts a PEG ratio of 0.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Services was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 145, finds itself in the bottom 42% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.