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

In the latest close session, Carnival (CCL) was down 3.71% at $24.16. The stock fell short of the S&P 500, which registered a loss of 1.36% for the day. At the same time, the Dow lost 1.64%, and the tech-heavy Nasdaq lost 1.46%.

Heading into today, shares of the cruise operator had lost 23.23% over the past month, lagging the Consumer Discretionary sector's loss of 2.08% and the S&P 500's loss of 1.76%.

Market participants will be closely following the financial results of Carnival in its upcoming release. The company plans to announce its earnings on March 27, 2026. The company is predicted to post an EPS of $0.18, indicating a 38.46% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.11 billion, reflecting a 5.09% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $2.47 per share and a revenue of $27.85 billion, demonstrating changes of +9.78% and +4.61%, respectively, from the preceding year.

Any recent changes to analyst estimates for Carnival should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.75% downward. Carnival currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Carnival has a Forward P/E ratio of 10.15 right now. This represents a discount compared to its industry average Forward P/E of 15.84.

We can also see that CCL currently has a PEG ratio of 0.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CCL's industry had an average PEG ratio of 1.28 as of yesterday's close.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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