Carnival Corporation (CCL) Hit a 52 Week High, Can the Run Continue?

Zacks12-03 22:15

Have you been paying attention to shares of Carnival (CCL)? Shares have been on the move with the stock up 18.6% over the past month. The stock hit a new 52-week high of $26.66 in the previous session...

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The stock hit a new 52-week high of $26.66 in the previous session...</p>\n\n<a href=\"https://finance.yahoo.com/news/carnival-corporation-ccl-hit-52-141504452.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carnival Corporation (CCL) Hit a 52 Week High, Can the Run Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarnival Corporation (CCL) Hit a 52 Week High, Can the Run Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-03 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/carnival-corporation-ccl-hit-52-141504452.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Have you been paying attention to shares of Carnival (CCL)? Shares have been on the move with the stock up 18.6% over the past month. The stock hit a new 52-week high of $26.66 in the previous session...</p>\n\n<a href=\"https://finance.yahoo.com/news/carnival-corporation-ccl-hit-52-141504452.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/carnival-corporation-ccl-hit-52-141504452.html","article_id":"2488947515","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/aMCT_Lh5K9xNn9.QUdX03w--~B/aD01ODc7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/17a4db66bb13bdabcbf848550a6ea15a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488947515","pubTimestamp":1733235304,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Have you been paying attention to shares of Carnival ?Shares have been on the move with the stock up 18.6% over the past month. The stock hit a new 52-week high of $26.66 in the previous session. Carnival has gained 40.2% since the start of the year compared to the 15.6% move for the Zacks Consumer Discretionary sector and the 25.5% return for the Zacks Leisure and Recreation Services industry.The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 30, 2024, Carnival reported EPS of $1.27 versus consensus estimate of $1.17 while it beat the consensus revenue estimate by 1.04%.For the current fiscal year, Carnival is expected to post earnings of $1.66 per share on $25.21 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $1.88 per share on $26.07 billion in revenues. This represents a year-over-year change of 26.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4517":"邮轮概念","BK4585":"ETF&股票定投概念","BK4142":"酒店、度假村与豪华游轮","CCL":"嘉年华邮轮","CUK":"嘉年华存托凭证","NCLH":"挪威邮轮","BK4547":"WSB热门概念"},"translate_title":"嘉年华公司（CCL）创52周新高，涨势能否持续？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCL":1,"NCLH":1,"CUK":0.9},"content_text":"Have you been paying attention to shares of Carnival (CCL)? Shares have been on the move with the stock up 18.6% over the past month. The stock hit a new 52-week high of $26.66 in the previous session. Carnival has gained 40.2% since the start of the year compared to the 15.6% move for the Zacks Consumer Discretionary sector and the 25.5% return for the Zacks Leisure and Recreation Services industry.\nWhat's Driving the Outperformance?\nThe stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 30, 2024, Carnival reported EPS of $1.27 versus consensus estimate of $1.17 while it beat the consensus revenue estimate by 1.04%.\nFor the current fiscal year, Carnival is expected to post earnings of $1.66 per share on $25.21 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $1.88 per share on $26.07 billion in revenues. This represents a year-over-year change of 26.16% and 3.45%, respectively.\nValuation Metrics\nCarnival may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.\nOn this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.\nCarnival has a Value Score of A. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of A.\nIn terms of its value breakdown, the stock currently trades at 15.7X current fiscal year EPS estimates, which is not in-line with the peer industry average of 21.2X. On a trailing cash flow basis, the stock currently trades at 11.5X versus its peer group's average of 11.4X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.\nZacks Rank\nWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Carnival currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.\nSince we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Carnival passes the test. Thus, it seems as though Carnival shares could have potential in the weeks and months to come.\nHow Does CCL Stack Up to the Competition?\nShares of CCL have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Norwegian Cruise Line Holdings Ltd. (NCLH). NCLH has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of B, and a Momentum Score of F.\nEarnings were strong last quarter. Norwegian Cruise Line Holdings Ltd. beat our consensus estimate by 4.21%, and for the current fiscal year, NCLH is expected to post earnings of $2.05 per share on revenue of $9.46 billion.\nShares of Norwegian Cruise Line Holdings Ltd. have gained 12.7% over the past month, and currently trade at a forward P/E of 17.3X and a P/CF of 11.35X.\nThe Leisure and Recreation Services industry is in the top 7% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CCL and NCLH, even beyond their own solid fundamental situation.\nWant 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\nCarnival Corporation (CCL) : Free Stock Analysis Report\nNorwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488947515"}