Table Of Content
- Analysts' Consensus Rating
- Stock , NCLH
- Media Services
- Norwegian Cruise Line reports first profitable year since 2019
- Score 5% Back In Your Top Spending Category With New Citi Custom Cash Card
- Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
- Norwegian Cruise Line Analyst Data
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Analysts' Consensus Rating
However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Stock , NCLH
This could also prove positive for the cruising business, as there could be some revival in demand from families. While Norwegian is likely to start cruises from the U.S. around early August, it says that it now plans to operate 23 of its 28 ships through early 2022. Moreover, the company said that it would begin cruising to Alaska from early August following the passage of the U.S. Alaska Tourism Restoration Act, which temporarily enables cruise ships to sail to Alaska, bypassing a legal requirement to make a stop at ports in Canada, which has banned cruses until 2022. Cruise companies had previously canceled their trips to Alaska, which is a popular summer cruising destination. Separately, the CDC also recently issued new guidelines easing mask-wearing requirements and social-distancing guidelines for fully vaccinated passengers on cruises.
Media Services
To see all exchange delays and terms of use please see Barchart's disclaimer. According to analysts, Norwegian Cruise Line's stock has a predicted upside of 13.81% based on their 12-month stock forecasts. Enter your email address below to receive the latest news and analysts' ratings for Norwegian Cruise Line and its competitors with MarketBeat's FREE daily newsletter. It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 14.42; value investors should take notice. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
Norwegian Cruise Line Holdings Ltd. operates a fleet of passenger cruise ships. The Company offers an array of cruise itineraries and theme cruises, as well as markets its services through various distribution channels including retail and travel agents, international and incentive sales, and consumer direct. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. Now while cruise stocks have moved considerably over the last year, 2020 has also created many pricing discontinuities which can offer attractive trading opportunities.
Why You Should Consider Debt When Looking At ROE
According to 15 analysts, the average rating for NCLH stock is "Hold." The 12-month stock price forecast is $20.07, which is an increase of 9.73% from the latest price. Royal Caribbean saw its stock jump after posting narrower than expected fourth quarter losses and bookings earlier in February. Morgan Stanley had upgraded the rival company in January, naming it the "superior cruise operator" coming out of the pandemic.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
Coronavirus-induced changes in consumer behavior with regard to travel had altered the economic performance of Norwegian Cruise Line Holdings, affecting its ability to generate excess economic rents. However, as consumers returned to cruising after the 15-month sailing halt that ended in July 2021, they regained their appetite for travel, bolstered by the value proposition the holiday provides. With ships fully deployed at historical occupancy levels, pricing surpassed prepandemic levels in 2023, and pricing momentum has persisted into 2024. While Norwegian could intermittently see pricing competition in periods of macroeconomic distress, we believe its freestyle offering and attractive itineraries will keep passengers engaged with the brand.
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As is clear from the image below, Norwegian Cruise Line Holdings has a better ROE than the average (17%) in the Hospitality industry.
Norwegian Cruise Line (NCLH) Beats Stock Market Upswing: What Investors Need to Know - Yahoo Finance
Norwegian Cruise Line (NCLH) Beats Stock Market Upswing: What Investors Need to Know.
Posted: Thu, 25 Jan 2024 08:00:00 GMT [source]
MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. On its current trajectory, it will be able to meet its financial needs although it won't be without some dilution to shareholders. Some of its debt will convert to shares because of how it was arranged.
This could give potential cruise customers confidence that cruising is a relatively safe activity post-vaccination. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So I think it may be worth checking this free report on analyst forecasts for the company.
Specifically, Norwegian is calling for Q1 adjusted net income of $50 million, while Wall Street had expected an adjusted net loss. For the year, the company is expecting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.2 billion, a strong 18% increase from 2023. Revenue was ahead of guidance, whereas its net loss was a little more than expected. As Norwegian is smaller than its North American cruise peers, it has the ability to deploy its assets nimbly as cruising demand rises, allowing for strategic pricing tactics. Norwegian Cruise Line (NCLH) posted its fourth-quarter results revealing a quarterly loss of $0.18 per share.
Those are the big-picture trends that are meaningful to Norwegian's business. And because the trends are good, the company is guiding for better-than-expected financial results in the upcoming first quarter of 2024. Norwegian is also projecting full-year earnings per share of 70 cents in 2023, well below expectations of $1.04.
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