Here's Why Carnival (CCL) Fell More Than Broader Market

Carnival (CCL) closed down 1.32% at $23.20, underperforming the S&P 500. The cruise operator has declined 15.28% over the past month. While revenue is expected to grow 2.59% next quarter, EPS is projected to decline 4.9% year-over-year. The company holds a Zacks Rank #3 (Hold) with a forward P/E of 10.53, trading at a discount to its industry average of 16.15.