We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Flat As Market Sinks: What You Should Know
Read MoreHide Full Article
Carnival (CCL - Free Report) closed at $20.91 in the latest trading session, marking no change from the prior day. This move was narrower than the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%.
Coming into today, shares of the cruise operator had gained 11.94% in the past month. In that same time, the Consumer Discretionary sector gained 0.88%, while the S&P 500 gained 1.39%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. The company is predicted to post an EPS of $0.06, indicating a 185.71% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.89 billion, indicating a 9.09% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Carnival. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 9.63% higher within the past month. Currently, Carnival is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Carnival is presently trading at a Forward P/E ratio of 15.93. Its industry sports an average Forward P/E of 18.88, so one might conclude that Carnival is trading at a discount comparatively.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 37% 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.
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) Flat As Market Sinks: What You Should Know
Carnival (CCL - Free Report) closed at $20.91 in the latest trading session, marking no change from the prior day. This move was narrower than the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%.
Coming into today, shares of the cruise operator had gained 11.94% in the past month. In that same time, the Consumer Discretionary sector gained 0.88%, while the S&P 500 gained 1.39%.
The investment community will be closely monitoring the performance of Carnival in its forthcoming earnings report. The company is predicted to post an EPS of $0.06, indicating a 185.71% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.89 billion, indicating a 9.09% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Carnival. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 9.63% higher within the past month. Currently, Carnival is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Carnival is presently trading at a Forward P/E ratio of 15.93. Its industry sports an average Forward P/E of 18.88, so one might conclude that Carnival is trading at a discount comparatively.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.