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Sep 26, 2019

Carnival (CCL, $44.30) slashes fiscal 2019 earnings guidance

Carnival Corp. shares are declining Thursday, following a lowering of its fiscal 2019 profit outlook.

Carnival has predicted that full fiscal year’s  adjusted earnings would now range between $4.23 and $4.27 a share, versus its prior guidance of $4.25 to $4.35. Analysts surveyed by FactSet had forecasted $4.33 a share. 

The cruise line company anticipates that the recent climb  in fuel prices would reduce profit by -8 cents a share.  Carnival also cited weather-related headwinds, tensions in the Arabian Gulf and a delay in ship-delivery as factors that are expected to cut -4 cents to -6 cents a share. 

For the third quarter ended Aug. 31, Carnival reported adjusted earnings of $2.63 a share, which was higher than analysts’ expected $2.53. Its revenue for that quarter came in at $6.5 billion, compared to analysts’ estimate of $6.16 billion. 

 

 

Related Ticker: CCL

CCL sees MACD Histogram just turned negative

CCL saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 01, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 36 instances where the indicator turned negative. In of the 36 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where CCL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CCL broke above its upper Bollinger Band on March 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 27, 2024. You may want to consider a long position or call options on CCL as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

CCL moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CCL crossed bullishly above the 50-day moving average on March 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CCL advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 231 cases where CCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CCL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.188) is normal, around the industry mean (12.417). P/E Ratio (50.812) is within average values for comparable stocks, (61.266). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.804). Dividend Yield (0.000) settles around the average of (0.031) among similar stocks. P/S Ratio (0.910) is also within normal values, averaging (27.519).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CCL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.

Notable companies

The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), Royal Caribbean Group (NYSE:RCL), Trip.com Group Limited (NASDAQ:TCOM), Carnival Corp (NYSE:CCL), Expedia Group (NASDAQ:EXPE), WW International (NASDAQ:WW).

Industry description

Other consumer services include companies that provide consumer services, and are not classified elsewhere. Travel fare aggregators, hotel bookings, consumer-to-consumer or business-to-business sales platforms are some examples of services that can be clubbed into this category. Many of such services have expanded online. Booking Holdings Inc, The Priceline Group Inc, and eBay Inc. are some major operators in this segment.

Market Cap

The average market capitalization across the Other Consumer Services Industry is 8.78B. The market cap for tickers in the group ranges from 158.6K to 121.92B. BKNG holds the highest valuation in this group at 121.92B. The lowest valued company is PRXIQ at 158.6K.

High and low price notable news

The average weekly price growth across all stocks in the Other Consumer Services Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 5%. PDRO experienced the highest price growth at 17%, while TRNR experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the Other Consumer Services Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was -1% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 73
Price Growth Rating: 52
SMR Rating: 69
Profit Risk Rating: 87
Seasonality Score: -12 (-100 ... +100)
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A.I.Advisor
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General Information

an operator of luxury cruises ships

Industry OtherConsumerServices

Profile
Fundamentals
Details
Industry
Hotels Or Resorts Or Cruiselines
Address
3655 N.W. 87th Avenue
Phone
+1 305 599-2600
Employees
92000
Web
https://www.carnivalcorp.com
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