Carnival (CCL) Stock Sinks As Market Gains: Here's Why

Carnival (CCL) closed at $25.61 in the latest trading session, marking a -1.88% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.03%. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq decreased by 0.36%.Coming into today, shares of the cruise operator had gained 9.25% in the past month. In that same time, the Consumer Discretionary sector gained 7.22%, while the S&P 500 gained 4.19%.Investors will be eagerly watching for the performance of Carnival in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.02, signifying a 114.29% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.75 billion, indicating a 6.34% increase compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates project earnings of $1.77 per share and a revenue of $26.01 billion, demonstrating changes of +24.65% and +3.97%, respectively, from the preceding year.Investors should also note any recent changes to analyst estimates for Carnival. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.93% higher. Carnival is currently a Zacks Rank #3 (Hold).In terms of valuation, Carnival is presently being traded at a Forward P/E ratio of 14.73. Its industry sports an average Forward P/E of 20.01, so one might conclude that Carnival is trading at a discount comparatively.We can also see that CCL currently has a PEG ratio of 0.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 0.8.The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks