Table Of Content
- Investor Services
- What Can Investors Expect from Big Tech Earnings?
- Top Analyst Reports for Costco, NIKE & Fiserv
- Norwegian Cruise Line reports first profitable year since 2019
- Norwegian Cruise's stock jumps after guidance for a surprise profit for the current quarter
- Bitcoin Suddenly Braced For A 35 Trillion Halving Price Earthquake
- Here's why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings
The future is bright for the cruise line industry in general and Norwegian Cruise Line in particular. The skies are a little cloudy right now, but things are brighter on the horizon. Big gains might come from the smallest of the country's three leading cruise line operators. 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.
Investor Services
MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ... A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. MIAMI , March 20, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced the appointment of its two Master Chefs of France, Chef Alexi... Sailings explore destinations from Tokyo to Cape Town to Bali to Rio de Janeiro MIAMI , March 26, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise lin... Norwegian Cruise Line Holdings unveils plans for eight new vessels, expanding its fleet with nearly 25,000 additional berths across three brands. The company also initiates construction of a multi-ship pier at Great Stirrup Cay, enhancing its Caribbean port infrastructure.
What Can Investors Expect from Big Tech Earnings?
The good news is that revenue clocked in at a record $2.536 billion, in line with expectations and a 57% surge over the prior year's admittedly depressed results. More importantly, its top-line showing was 33% ahead of where it was during the same seasonally potent summertime quarter in 2019. In other words, it's now ahead of where it was before the pandemic shut the industry down for a painfully prolonged period. The bottom line exceeded analyst targets, building on its return to profitability in the second quarter after more than three years of quarterly losses.
Top Analyst Reports for Costco, NIKE & Fiserv
Although the new guidelines don’t specifically refer to the cruising industry, they should give potential cruise customers some confidence that things are returning to normal. Moreover, Pfizer’s PFE Covid-19 vaccine received approval for use in children aged 12 to 15 in the U.S. This could also prove positive for the cruising business, as there could be some revival in demand from families. Over the next decade this will not only give NCLH the biggest growth story within the cruise industry but will also allow them to continue entering new markets with minimal cannibalization to their fleet, the analyst noted. The company has obtained export credit financing with favorable terms to fund 80% of the contract price of each of the two Oceania Cruises and Regent Seven Seas Cruises ships. Norwegian Cruise Line (NCLH) rises on 4Q revenue and 1Q upbeat guidance.
Net yield is expected to rise 5.5% as reported and nearly 5.4% constant currency versus 2023. The company announced it had ordered 8 new cruise ships for its 3 brands to be delivered over 10 years. Norwegian narrowed losses in 2023 and expects profitability in 2024 driven by record bookings and strong pricing power. For Q4 2023, Norwegian reported an EPS loss of 18 cents vs 14 cents consensus analyst estimates. Net loss was $106.5 million versus $482.5 million in the year-ago period. Revenues surged 30.8% YoY to $1.986 billion, beating $1.960 billion consensus estimates.
NCLH's incredibly strong results highlight the strength in its brand and the cruise industry, notes Ivan Feinseth. Norwegian Cruise Line (NCLH) posted its fourth-quarter results revealing a quarterly loss of $0.18 per share. However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... All of the cruise-ship companies incurred significant debt during the worst of the COVID-19 pandemic, including Norwegian. 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.
Consumer demand surged back to return to full ships and dull-year profitability. The bad news that kept the stock down was its uninspiring guidance. With geopolitical events weighing on near-term sailings, its projected occupancy percentage for the current quarter is well shy of where it was in the holiday quarter of 2019. After back-to-back quarters of profitability, Norwegian is bracing investors for an adjusted deficit of $0.15 a share in the fourth quarter. Wall Street pros were modeling a slightly better-than-breakeven performance.
Put another way, it reveals the company's success at turning shareholder investments into profits. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. But the business is otherwise performing quite well, which should be encouraging news for shareholders. In 2023, the company had net cash from operating activities of $2 billion and repaid $1.9 billion in debt. Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
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. 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) Stock Sinks As Market Gains: What You Should Know - Yahoo Finance
Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know.
Posted: Tue, 19 Mar 2024 07:00:00 GMT [source]
From new ships to its private Caribbean island, get the latest details in this 1-minute breakdown of Norwegian Cruise Line (NCLH).
The share count and debt load at Norwegian has roughly doubled since the end of fiscal 2019, but the bloat isn't permanent. However, shareholder returns remain a concern in the longer-term for Norwegian stock. The company spent the better part of the last year raising funds, with its debt load roughly doubling to $12 billion between December 2020 and the end of March 2020. This should lead to higher interest costs, constraining the company’s long-term profitability. Moreover, shareholders have also been significantly diluted by the company’s equity issuances, with shares outstanding rising to 370 million as of April 2021, up from 213 million in early 2020.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. With a historically smaller fleet, the company has been building new ships more aggressively versus peers in order to enter/serve certain markets.
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