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Carnival (CCL) Exceeds Market Returns: Some Facts to Consider
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Carnival (CCL - Free Report) ended the recent trading session at $26.86, demonstrating a +2.87% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
The stock of cruise operator has risen by 17.35% in the past month, leading the Consumer Discretionary sector's gain of 4.8% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. The company is expected to report EPS of $0.22, down 35.29% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $6.45 billion, indicating a 1.9% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.26 per share and a revenue of $27.73 billion, representing changes of +0.44% and +4.16%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Carnival. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 2.41% rise in the Zacks Consensus EPS estimate. Right now, Carnival possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Carnival is presently being traded at a Forward P/E ratio of 11.57. This signifies a discount in comparison to the average Forward P/E of 16.35 for its industry.
Also, we should mention that CCL has a PEG ratio of 1.12. 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 industry had an average PEG ratio of 1.27 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 33% 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.
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) Exceeds Market Returns: Some Facts to Consider
Carnival (CCL - Free Report) ended the recent trading session at $26.86, demonstrating a +2.87% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
The stock of cruise operator has risen by 17.35% in the past month, leading the Consumer Discretionary sector's gain of 4.8% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. The company is expected to report EPS of $0.22, down 35.29% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $6.45 billion, indicating a 1.9% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.26 per share and a revenue of $27.73 billion, representing changes of +0.44% and +4.16%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Carnival. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 2.41% rise in the Zacks Consensus EPS estimate. Right now, Carnival possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Carnival is presently being traded at a Forward P/E ratio of 11.57. This signifies a discount in comparison to the average Forward P/E of 16.35 for its industry.
Also, we should mention that CCL has a PEG ratio of 1.12. 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 industry had an average PEG ratio of 1.27 as trading concluded yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 33% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.