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Carnival (CCL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Carnival (CCL) reported earnings 30 days ago. What's next for the stock?
The latest trading day saw Carnival (CCL) settling at $27.86, representing a -5.3% change from its previous close.
This company struggled mightily during the depths of the pandemic, but it's now generating revenue and earnings growth. Lower interest rates in the near term, coupled with favorable long-term industry tailwinds, support durable demand.
CCL's record yields, strong pricing, and cost discipline drive $2B in profit and its highest ROIC in nearly two decades.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Carnival share price has pulled back in the past few weeks, moving from the year-to-date high of 2,205p in August to 1,924p today. It is hovering near its lowest level since July despite the ongoing demand for cruising.
Carnival gains the edge over Royal Caribbean as its destination-led model, debt reduction and rising yields fuel stronger momentum into 2025.
CCL shifts from fleet growth to destination-led strategy, using its Caribbean portfolio to power record yields and margins.
Lower rates and rising demand set the stage for strong Q4 gains across five consumer discretionary stocks, namely, CCL, NCLH, LVS, LRN and PLNT.