Company Overview - Carnival Corporation, founded in 1972 and headquartered in Miami, FL, is the largest cruise operator in the world and a leading leisure travel firm, carrying nearly half of the global cruise guests [11] - The company operates in multiple regions including North America, Australia, Europe, and Asia [11] Investment Potential - Carnival is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid investment potential [11] - The company is particularly appealing to growth investors, with a Growth Style Score of B, forecasting a year-over-year earnings growth of 12.4% for the current fiscal year [12] - Recent upward revisions in earnings estimates by six analysts over the last 60 days have increased the Zacks Consensus Estimate by $0.13 to $2.53 per share [12] - Carnival has demonstrated an average earnings surprise of +160%, further enhancing its attractiveness to investors [12] Style Scores and Zacks Rank - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.9% since 1988, significantly outperforming the S&P 500 [7] - The Style Scores, which include Value, Growth, Momentum, and VGM Scores, are designed to complement the Zacks Rank, helping investors identify stocks with the highest likelihood of success [2][6][9]
Here's Why Carnival (CCL) is a Strong Growth Stock