This story originally appeared on Zacks

Carnival (CCL) closed the most recent trading day at $18.15, moving -1.04% from the previous trading session. This change lagged the S&P 500’s 0.75% loss on the day. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.23%.

– Zacks

Heading into today, shares of the cruise operator had lost 17.76% over the past month, lagging the Consumer Discretionary sector’s loss of 8.73% and the S&P 500’s loss of 0.13% in that time.

Carnival will be looking to display strength as it nears its next earnings release. On that day, Carnival is projected to report earnings of -$1.46 per share, which would represent year-over-year growth of 27.72%. Meanwhile, our latest consensus estimate is calling for revenue of $1.48 billion, up 4262% from the prior-year quarter.

Any recent changes to analyst estimates for Carnival should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.52% higher within the past month. Carnival currently has a Zacks Rank of #3 (Hold).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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