Carnival (CCL) Off To A Strong Start In Pre-Market Activity
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Carnival as such a stock due to the following factors:
- CCL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $214.6 million.
- CCL traded 55,182 shares today in the pre-market hours as of 8:00 AM.
- CCL is up 2.1% today from yesterday's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in CCL with the Ticky from Trade-Ideas. See the FREE profile for CCL NOW at Trade-Ideas
More details on CCL:
Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. The stock currently has a dividend yield of 3.1%. CCL has a PE ratio of 19. Currently there are 6 analysts that rate Carnival a buy, no analysts rate it a sell, and 6 rate it a hold.
The average volume for Carnival has been 4.8 million shares per day over the past 30 days. Carnival has a market cap of $34.8 billion and is part of the services sector and leisure industry. Shares are down 16.3% year-to-date as of the close of trading on Monday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates Carnival as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- CARNIVAL CORP/PLC (USA) reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CARNIVAL CORP/PLC (USA) increased its bottom line by earning $2.26 versus $1.57 in the prior year. This year, the market expects an improvement in earnings ($3.33 versus $2.26).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 172.5% when compared to the same quarter one year prior, rising from $222.00 million to $605.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.7%. Since the same quarter one year prior, revenues slightly increased by 3.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
- 39.07% is the gross profit margin for CARNIVAL CORP/PLC (USA) which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 16.32% is above that of the industry average.
- You can view the full Carnival Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.