Table Of Content
- About MarketBeat
- Norwegian Cruise Line reports first profitable year since 2019
- Charting New Waters: Norwegian Cruise Line Unveils Ambitious Plans For Eight Ships
- Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
- Norwegian Cruise Line Holdings LtdNCLH:US
- Premium Investing Services
- Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista
In 2023, the company had net cash from operating activities of $2 billion and repaid $1.9 billion in debt. CEO Frank Del Rio said the company's first 2023 quarter "will be the highest cost quarter," but added that the second half will be better. Norwegian is projecting losses of 45 cents per share in the first quarter, 10 cents higher than Wall Street had anticipated. Analysts like Norwegian Cruise Line less than other Consumer Discretionary companies.
About MarketBeat
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.
Norwegian Cruise Line reports first profitable year since 2019
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.
Charting New Waters: Norwegian Cruise Line Unveils Ambitious Plans For Eight Ships
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.
Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
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.
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.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. NCLH, -1.48% jumped 6.6% in premarket trading Tuesday, after the cruise operator reported a wider-than-expected fourth-quarter loss, but expects a surpris...
Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista
Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Norwegian Cruise Line has been rated by Barclays, Citigroup, Mizuho, Morgan Stanley, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, and Truist Financial in the past 90 days.
Company
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.
Finally, Mizuho started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, March 26th. They set a "neutral" rating and a $21.00 target price on the stock. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
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.
Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It - Yahoo Finance
Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It.
Posted: Thu, 07 Mar 2024 08:00:00 GMT [source]
The consensus rating for Norwegian Cruise Line is Hold while the average consensus rating for consumer discretionary companies is Moderate Buy. A replay of the webcast will be available here on the Company’s website for 30 days following the call. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
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.
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.
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