The consensus among analysts is that Carnival Corporation & Plc (CCL) is a Hold stock at the moment, with a recommendation rating of 2.8. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 15 out of 22 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$2.14.
Carnival Corporation & Plc (NYSE:CCL) trade information
Sporting 6.34% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the CCL stock price touched $18.04- or saw a rise of 6.98%. Year-to-date, Carnival Corporation & Plc shares have moved -66.99%, while the 5-day performance has seen it change -2.61%. Over the past 30 days, the shares of Carnival Corporation & Plc (NYSE:CCL) have changed 6.61%. Short interest in the company has seen 122.36 Million shares shorted with days to cover at 1.69.
Carnival Corporation & Plc (CCL) estimates and forecasts
Figures show that Carnival Corporation & Plc shares have underperformed across the wider relevant industry. The company’s shares have lost -67.31% over the past 6 months, with this year growth rate of -240.23%, compared to -33.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -424.2% and -149% for the next quarter. Revenue growth from the last financial year stood is estimated to be -64.4%.
12 analysts offering their estimates for the company have set an average revenue estimate of $461.07 Million for the current quarter. 12 have an estimated revenue figure of $781.73 Million for the next quarter concluding in August 01, 2020. Year-ago sales stood $4.84 Billion and $6.53 Billion respectively for this quarter and the next, and analysts expect sales will grow by -90.5% for the current quarter and -88% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +22.6% over the past 5 years. Earnings growth for 2020 is a modest -2.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.