Carnival (CCL) Beats Stock Market Upswing: What Investors Need to Know

Group 1 - Carnival's stock closed at $22.34, reflecting a +1.96% increase, outperforming the S&P 500's gain of 1.12% on the same day [1] - Over the past month, Carnival's shares have decreased by 19.12%, which is significantly worse than the Consumer Discretionary sector's loss of 2.8% and the S&P 500's loss of 4.13% [1] Group 2 - The upcoming EPS for Carnival is projected at$ 0.02, indicating a 114.29% increase compared to the same quarter last year, with expected revenue of $5.75 billion, a 6.34% increase year-over-year [2] - For the full year, analysts expect earnings of$ 1.78 per share and revenue of $26.01 billion, representing changes of +25.35% and +3.97% respectively from the previous year [3] Group 3 - Recent revisions to analyst forecasts for Carnival are important as they reflect changing business trends, with upward revisions indicating analyst confidence in the company's profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Carnival at 2 (Buy), with a Forward P/E ratio of 12.31, indicating a discount compared to the industry's Forward P/E of 19.11 [6] Group 4 - Carnival has a PEG ratio of 0.65, which is lower than the average PEG ratio of 1.01 for Leisure and Recreation Services stocks [7] - The Leisure and Recreation Services industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 73, placing it in the top 30% of over 250 industries, suggesting strong performance potential [8]