Carnival Corporation (CCL) Surges: Why It Still Has Room to Run? - Tale of the Tape


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One company that should be on your radar is Carnival Corporation ( CCL ). The stock of this international cruise and vacation company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For CCL's full year estimate, we have seen 11 estimates go higher in the past 30 days, compared to no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $1.58 a share 1 month ago to its current level of a $1.68.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, CCL has seen some pretty solid trading lately, as the company has moved higher by 10.65% in the past month.

If Carnival Corporation can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put CCL on your watch list for the future.

Other top-ranked stocks worth considering in this space include SeaWorld Entertainment, Inc. ( SEAS ), HomeAway, Inc. ( AWAY ), and SFX Entertainment Inc. ( SFXE ). SeaWorld Entertainment carry a Zacks Rank #1 (Strong Buy), while both HomeAway and SFX Entertainment hold Zacks Rank #2 (Buy).

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HOMEAWAY INC (AWAY): Free Stock Analysis Report

CARNIVAL CORP (CCL): Free Stock Analysis Report

SEAWORLD ENTERT (SEAS): Free Stock Analysis Report

SFX ENTMT INC (SFXE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: AWAY , CCL , SEAS , SFXE

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