Carnival (CCL) Dips More Than Broader Market: What You Should Know

Carnival (CCL) ended the recent trading session at $26.14, demonstrating a -3.65% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.66%. At the same time, the Dow lost 1.65%, and the tech-heavy Nasdaq lost 2.29%. Prior to today's trading, shares of the cruise operator had lost 5.93% lagged the Consumer Discretionary sector's gain of 0.43% and the S&P 500's gain of 4.64%.Analysts and investors alike will be keeping a close eye on the performance of Carnival in its upcoming earnings disclosure. On that day, Carnival is projected to report earnings of $0.24 per share, which would represent year-over-year growth of 71.43%. At the same time, our most recent consensus estimate is projecting a revenue of $6.36 billion, reflecting a 7.13% rise from the equivalent quarter last year. 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 +6.49%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for Carnival. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Carnival currently has a Zacks Rank of #1 (Strong Buy). Digging into valuation, Carnival currently has a Forward P/E ratio of 12.53. This expresses a discount compared to the average Forward P/E of 20.21 of its industry. We can also see that CCL currently has a PEG ratio of 0.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Leisure and Recreation Services was holding an average PEG ratio of 1.18 at yesterday's closing price. The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 41% 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. Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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