Carnival Stock Drops 3.04% After Monthlong 15.2% Rally Ahead of Q1 EPS
Shares of Carnival closed at $31.55, down 3.04% while the S&P 500 fell 0.28%, after gaining 15.19% over the past month. Analysts forecast Q1 EPS of $0.18 (+38.5% YoY) on $6.1 billion revenue, and the stock trades at a 12.8x forward P/E versus an 18.6x industry average.
1. Daily and Monthly Performance
Carnival closed the latest session at $31.55, slipping 3.04% compared with a 0.28% drop for the S&P 500. Over the past month, the stock has surged 15.19%, outpacing a 1% decline in the Consumer Discretionary sector and a 0.76% drop in the S&P 500.
2. Upcoming Q1 Earnings Outlook
Analysts expect Carnival to report Q1 EPS of $0.18, representing 38.46% year-over-year growth, on revenue of $6.1 billion, up 5.01% from the same quarter last year. Full-year consensus estimates call for $2.54 EPS (+12.89%) on $27.84 billion revenue (+4.56%).
3. Valuation Metrics
The stock trades at a forward P/E of 12.8, below the 18.63 average for its Leisure and Recreation Services peers. Its PEG ratio stands at 1.19 versus a sector average of 1.45, reflecting an attractive valuation relative to expected earnings growth.
4. Analyst Ranking and Industry Position
Carnival holds a Zacks Rank of #1 (Strong Buy), with estimate revisions unchanged over the past 30 days. The Leisure and Recreation Services industry sits in the bottom 34% of over 250 industries, suggesting mixed sector momentum.