Anticipating Carnival’s Earnings Performance
Investors are perpetually on the hunt for companies set to excel during earnings season, and Carnival Corporation & plc (CCL) may just be on the brink of a pleasant surprise. With earnings approaching, all indications are pointing towards a favorable outcome for this company.
Recent activities suggest that Carnival is enjoying a surge in positive earnings estimate revisions, a telltale sign of a potential earnings beat. When analysts enhance their estimates right before earnings, armed with the most current information available, it bodes well for CCL.
In the realm of concrete numbers, the Most Accurate Estimate for the ongoing quarter stands at a loss of 16 cents per share for CCL. This outshines the broader Zacks Consensus Estimate of a loss of 17 cents per share. Such data indicates a recent uptick in analyst estimates for Carnival, granting the stock a Zacks Earnings ESP of +6.26% as it gears up for earnings season.
The Crucial Connection: Carnival Corporation Price and EPS Surprise
Carnival Corporation price-eps-surprise | Carnival Corporation Quote
Unpacking the Significance:
Research indicates that a positive reading for the Zacks Earnings ESP plays a pivotal role in producing unexpected positive results and outperforming the market. Through a recent 10-year retrospective analysis, it became clear that stocks boasting a positive Earnings ESP alongside a Zacks Rank #3 (Hold) or better have delivered a positive surprise nearly 70% of the time, with average annual returns exceeding 28% (discover more Top Earnings ESP stocks here).
Since CCL holds a Zacks Rank #2 (Buy) and boasts an ESP in the positive territory, discerning investors might find this stock worth exploring before earnings. Feel free to peruse through the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The recent flurry of earnings estimate revisions paints a promising picture for Carnival, hinting at a potential triumph on the horizon in the upcoming report.
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Carnival Corporation (CCL) : Free Stock Analysis Report
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The views and opinions expressed in this article reflect those of the author and may not necessarily align with Nasdaq, Inc.
