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

Carnival (CCL) ended the recent trading session at $25.51, demonstrating a -1.92% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.09%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.13%. Heading into today, shares of the cruise operator had lost 3.27% over the past month, lagging the Consumer Discretionary sector's loss of 1.43% and the S&P 500's gain of 1.89%.The investment community will be paying close attention to the earnings performance of Carnival in its upcoming release. The company is expected to report EPS of $0.24, up 71.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.36 billion, up 7.13% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.17 per share and revenue of $26.64 billion, indicating changes of +52.82% and 0%, respectively, compared to the previous year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Carnival. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Carnival boasts a Zacks Rank of #2 (Buy). Digging into valuation, Carnival currently has a Forward P/E ratio of 10.84. Its industry sports an average Forward P/E of 16.63, so one might conclude that Carnival is trading at a discount comparatively. Investors should also note that CCL has a PEG ratio of 0.48 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.16 based on yesterday's closing prices. The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks