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Carnival (CCL) Outpaces Stock Market Gains: What You Should Know

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In the latest trading session, Carnival (CCL) closed at $13.78, marking a +1.25% move from the previous day. This move outpaced the S&P 500's daily gain of 0.95%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, lost 0.28%.

Coming into today, shares of the cruise operator had lost 3.75% in the past month. In that same time, the Consumer Discretionary sector gained 2.58%, while the S&P 500 gained 0.1%.

Investors will be hoping for strength from Carnival as it approaches its next earnings release. In that report, analysts expect Carnival to post earnings of -$1.13 per share. This would mark year-over-year growth of 37.22%. Meanwhile, our latest consensus estimate is calling for revenue of $2.84 billion, up 5574.86% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.30 per share and revenue of $15.02 billion, which would represent changes of +67.42% and +687.04%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Carnival. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.8% lower. Carnival is currently sporting a Zacks Rank of #4 (Sell).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 36% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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