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

Zacks Equity Research
·2 min read

In the latest trading session, Carnival (CCL) closed at $13.55, marking a -1.17% move from the previous day. This change lagged the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.6%, while the tech-heavy Nasdaq added 0.42%.

Prior to today's trading, shares of the cruise operator had lost 8.78% over the past month. This has lagged the Consumer Discretionary sector's loss of 2.87% and the S&P 500's loss of 2.51% in that time.

Wall Street will be looking for positivity from CCL as it approaches its next earnings report date. The company is expected to report EPS of -$1.97, down 417.74% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $150.50 million, down 96.85% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$7.39 per share and revenue of $5.67 billion. These totals would mark changes of -267.95% and -72.79%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for CCL. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. CCL is holding a Zacks Rank of #4 (Sell) right now.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 8% of all 250+ industries.

The Zacks Industry Rank includes is listed in order 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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