Carnival (CCL) Laps the Stock Market: Here's Why

In the latest trading session, Carnival (CCL) closed at $25.78, marking a +1.38% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 0.65%. The cruise operator's stock has dropped by 10.24% in the past month, falling short of the Consumer Discretionary sector's loss of 5.13% and the S&P 500's loss of 0.8%.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 $0.24, indicating a 71.43% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $6.36 billion, showing a 7.13% escalation compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $2.17 per share and revenue of $26.64 billion, which would represent changes of +52.82% and +6.49%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Carnival. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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 past month, the Zacks Consensus EPS estimate has remained steady. Carnival is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that Carnival has a Forward P/E ratio of 11.74 right now. This signifies a discount in comparison to the average Forward P/E of 18.78 for its industry. Meanwhile, CCL's PEG ratio is currently 0.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Leisure and Recreation Services industry had an average PEG ratio of 1.18. The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 142, positioning it in the bottom 43% 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. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. 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