We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Carnival (CCL) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Carnival (CCL - Free Report) closed the latest trading day at $16.14, indicating a +0.69% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.
Heading into today, shares of the cruise operator had gained 9.79% over the past month, outpacing the Consumer Discretionary sector's gain of 3.49% and the S&P 500's gain of 2.54% in that time.
The investment community will be paying close attention to the earnings performance of Carnival in its upcoming release. The company's earnings per share (EPS) are projected to be $1.15, reflecting a 33.72% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.8 billion, indicating a 13.73% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Carnival currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Carnival is at present trading with a Forward P/E ratio of 13.52. For comparison, its industry has an average Forward P/E of 18.68, which means Carnival is trading at a discount to the group.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Carnival (CCL) Rises Higher Than Market: Key Facts
Carnival (CCL - Free Report) closed the latest trading day at $16.14, indicating a +0.69% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.
Heading into today, shares of the cruise operator had gained 9.79% over the past month, outpacing the Consumer Discretionary sector's gain of 3.49% and the S&P 500's gain of 2.54% in that time.
The investment community will be paying close attention to the earnings performance of Carnival in its upcoming release. The company's earnings per share (EPS) are projected to be $1.15, reflecting a 33.72% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.8 billion, indicating a 13.73% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Carnival currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Carnival is at present trading with a Forward P/E ratio of 13.52. For comparison, its industry has an average Forward P/E of 18.68, which means Carnival is trading at a discount to the group.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.