Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Carnival stock declined 3.51% to $23.89, significantly underperforming the S&P 500's 0.33% loss. The cruise operator has fallen 10.97% over the past month while the broader market gained 3.87%. Analysts expect upcoming earnings of $1.36 per share (down 4.9% YoY) with revenue of $8.36 billion (up 2.59% YoY). Carnival holds a Zacks Rank of #3 (Hold) with a Forward P/E of 11.1, trading at a discount to its industry average.