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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. 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.
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Vontobel Holding Ltd. Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) - Defense World
Vontobel Holding Ltd. Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH).
Posted: Fri, 19 Apr 2024 10:55:49 GMT [source]
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. Norwegian narrowed losses in 2023 and expects profitability in 2024 driven by record bookings and strong pricing power.
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On the cost side, while higher oil prices and unfavorable foreign exchange could elevate costs at times, we expect management will focus on extracting further efficiencies as the business continues to scale. Over time, we expect both pricing and costs to normalize at low-single-digit rates. Longer-term profitability also remains a concern, given potentially higher interest expenses.
Mauritius blocks Norwegian cruise ship over fears of a potential cholera outbreak
These returns cover a period from January 1, 1988 through March 4, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Financial Strength
The company’s total debt rose to about $11.8 billion at the end of 2020, up from around $6.8 billion at the end of 2019. That said, the stock still remains down by about 50% from its pre-Covid highs, making the risk to reward proposition relatively attractive for investors. Norwegian raised its forecasts Q EPS guidance to 12 cents versus a loss of 20 cents consensus estimates. Full-year 2024 EPS is expected to be around $1.23 versus $1.13 consensus estimates. The company entered 2024 with all-time highs in booked position and pricing for its 2024 voyages.
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. 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. Published four books by publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press.
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.
For fiscal 2024, five analysts revised their earnings estimate higher in the last 60 days for NCLH, while the Zacks Consensus Estimate has increased $0.11 to $1.26 per share. Norwegian operates under three brands catering to all income levels. Its namesake, Norwegian Cruise Lines, offers freestyle cruising with no assigned dining or entertainment times and relaxed dress codes aboard its 19 ships.
Advanced ticket sales balance ended the year at $3.2 billion, up 52% from the end of 2019. Also, given a -5% movement for the stock over 5 trading days, it has historically witnessed an excess return of 1.8% compared to the S&P500 over the next 21 trading days, with a 51.2% percent probability of a positive excess return. Now while cruising from the U.S. ports is set to resume this July, we still think that 2021 is likely to be a relatively slow year for Norwegian. Norwegian will likely miss out out on much of the lucrative summer cruising season and it’s also possible that older customers - who are a key demographic - will take a wait and watch approach to cruising post the pandemic. That said, 2022 is looking much stronger, with consensus estimates pointing to revenues of $6 billion, just slightly below the $6.5 billion in revenue the company posted in 2019.
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Norwegian Cruise Line (NCLH) rises on 4Q revenue and 1Q upbeat guidance. 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... Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment. But the business is otherwise performing quite well, which should be encouraging news for shareholders.
This is comprised of a descending trendline formed at $22.73 on July 12, 2023, and a rising lower trendline formed at $12.71 on November 10, 2023. Try the Trefis machine learning engine above to see for yourself how Norwegian Cruise Line stock is likely to behave after any specific gain or loss over a period. On its current trajectory, it will be able to meet its financial needs although it won't be without some dilution to shareholders.
Set sail on an epic 59-day Grand Voyage from Barcelona to Singapore Download images of Riviera here MIAMI , Jan. 4, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination... Enjoy up to 50% Off on Select Sailings in 2024 and 2025 MIAMI , Jan. 9, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, is ringing in the new ... 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...
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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.15% per year.
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