Carnival (CCL) Strong In Pre-Market Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Carnival ( CCL) 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 $159.6 million.
  • CCL traded 26,579 shares today in the pre-market hours as of 7:40 AM.
  • CCL is up 2.6% today from yesterday's close.

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More details on CCL:

Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The stock currently has a dividend yield of 2.3%. CCL has a PE ratio of 25.8. Currently there are 6 analysts that rate Carnival a buy, 1 analyst rates it a sell, and 8 rate it a hold.

The average volume for Carnival has been 4.4 million shares per day over the past 30 days. Carnival has a market cap of $25.8 billion and is part of the services sector and leisure industry. The stock has a beta of 0.40 and a short float of 1.3% with 1.75 days to cover. Shares are down 4.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Carnival as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • 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 year. We feel that this trend should continue. During the past fiscal year, CARNIVAL CORP/PLC (USA) increased its bottom line by earning $1.58 versus $1.38 in the prior year. This year, the market expects an improvement in earnings ($2.45 versus $1.58).
  • 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 345.0% when compared to the same quarter one year prior, rising from -$20.00 million to $49.00 million.
  • Net operating cash flow has significantly increased by 61.63% to $771.00 million when compared to the same quarter last year. In addition, CARNIVAL CORP/PLC (USA) has also vastly surpassed the industry average cash flow growth rate of -70.42%.

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