Carnival (CCL) Declines More Than Market: Some Information for Investors

In the latest trading session, Carnival (CCL) closed at $23.92, marking a -7.89% move from the previous day. This change lagged the S&P 500's 1.52% loss on the day. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 1.78%. Coming into today, shares of the cruise operator had lost 21.52% in the past month. In that same time, the Consumer Discretionary sector lost 2.83%, while the S&P 500 lost 2.25%. Market participants will be closely following the financial results of Carnival in its upcoming release. On that day, Carnival is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 38.46%. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 5.09% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $2.52 per share and a revenue of $27.85 billion, demonstrating changes of +12% and +4.61%, respectively, from the preceding year. Investors might also notice recent changes to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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, the Zacks Consensus EPS estimate has shifted 0.83% downward. Carnival is currently sporting a Zacks Rank of #3 (Hold). In the context of valuation, Carnival is at present trading with a Forward P/E ratio of 10.3. This indicates a discount in contrast to its industry's Forward P/E of 16.78. We can also see that CCL currently has a PEG ratio of 0.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CCL's industry had an average PEG ratio of 1.37 as of yesterday's close. The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 21% 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks