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Carnival (CCL) Stock Sinks As Market Gains: Here's Why
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Carnival (CCL - Free Report) closed at $25.44 in the latest trading session, marking a -3.56% move from the prior day. This change lagged the S&P 500's daily gain of 0.19%. Elsewhere, the Dow saw an upswing of 0.19%, while the tech-heavy Nasdaq appreciated by 0.1%.
Coming into today, shares of the cruise operator had lost 5.72% in the past month. In that same time, the Consumer Discretionary sector lost 1.99%, while the S&P 500 gained 9.13%.
Analysts and investors alike will be keeping a close eye on the performance of Carnival in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 2.86% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.63 billion, up 4.72% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.24 per share and a revenue of $27.82 billion, indicating changes of -0.44% and +4.51%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Carnival. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.63% lower. At present, Carnival boasts a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Carnival is currently exchanging hands at a Forward P/E ratio of 11.77. This denotes a discount relative to the industry average Forward P/E of 15.86.
It's also important to note that CCL currently trades at a PEG ratio of 1.16. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Leisure and Recreation Services was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 21% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Carnival (CCL) Stock Sinks As Market Gains: Here's Why
Carnival (CCL - Free Report) closed at $25.44 in the latest trading session, marking a -3.56% move from the prior day. This change lagged the S&P 500's daily gain of 0.19%. Elsewhere, the Dow saw an upswing of 0.19%, while the tech-heavy Nasdaq appreciated by 0.1%.
Coming into today, shares of the cruise operator had lost 5.72% in the past month. In that same time, the Consumer Discretionary sector lost 1.99%, while the S&P 500 gained 9.13%.
Analysts and investors alike will be keeping a close eye on the performance of Carnival in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 2.86% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.63 billion, up 4.72% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.24 per share and a revenue of $27.82 billion, indicating changes of -0.44% and +4.51%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Carnival. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.63% lower. At present, Carnival boasts a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Carnival is currently exchanging hands at a Forward P/E ratio of 11.77. This denotes a discount relative to the industry average Forward P/E of 15.86.
It's also important to note that CCL currently trades at a PEG ratio of 1.16. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Leisure and Recreation Services was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 21% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.