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#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. Full-year 2023 revenues grew 32% over pre-Covid-19 levels at $8.55 billion. Bookings hit all-time highs, with pricing reflecting some of the best booking weeks in history. Total occupancy reached 102.9%, with total revenue per passenger cruise day up 17% from 2019.
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The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Analysts like Norwegian Cruise Line less than other Consumer Discretionary companies. The consensus rating for Norwegian Cruise Line is Hold while the average consensus rating for consumer discretionary companies is Moderate Buy. While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. NCLH displays a symmetrical triangle pattern on its daily candlestick chart.
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See our analysis on Norwegian Cruise Line Stock Chances Of Rise for more details on the stock’s recent performance and where it could be headed. Finally, Regent Seven Seas Cruises is scheduled to take delivery of two 77,000-gross-ton ships, each with a capacity of 850 guests, in 2026 and 2029. Oceania Cruises is scheduled to take delivery of two 86,000-gross-ton ships, each with a capacity of 1,450 guests in 2027 and 2029. We’d like to share more about how we work and what drives our day-to-day business. Weakness in consumer spending spurred by an economic downturn could affect discretionary spending, leading pricing to soften and lower onboard spending.
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The cruise line can carry more cruisers now than ever (higher capacity), has full occupancy, average ticket prices are up, and onboard spending is up, as well. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.11 to $1.26 per share.
Oceania Cruises Commences the New Year with Exclusive Savings on Small Ship Luxury Experiences
Between our three brands, we have a fleet of 32 ships that cruise to approximately 700 destinations globally. No matter what travel style a guest has, we have an itinerary for them. 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... 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. 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 Line reports first profitable year since 2019 - CNBC
Norwegian Cruise Line reports first profitable year since 2019.
Posted: Tue, 27 Feb 2024 08:00:00 GMT [source]
Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform. NCLH sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Leisure and Recreation Services industry's P/E of 16X, shares of Norwegian Cruise Line are trading at a forward P/E of 14.4X. NCLH also has a PEG Ratio of 0.3, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 0.9X.
With a historically smaller fleet, the company has been building new ships more aggressively versus peers in order to enter/serve certain markets. “This strategic new-ship order across all three of our award-winning brands provides for the steady introduction of cutting-edge vessels into our fleet and solidifies our long-term growth,” said President and CEO Harry Sommer. The company also launched the construction of a multi-ship pier at Great Stirrup Cay, the company’s private island destination in the Bahamas and its Caribbean port of call. To maximize your returns, you want to buy stocks with the highest probability of success.
Top Analyst Reports for Costco, NIKE & Fiserv
Stifel analyst Steven Wieczynski reiterated a Buy rating on the shares with a price target of $25. 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. The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
Norwegian Cruise’s stock jumps after company says it expects profit this quarter - MarketWatch
Norwegian Cruise’s stock jumps after company says it expects profit this quarter.
Posted: Tue, 27 Feb 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... If you buy and hold Norwegian Cruise Line stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. There have been two largely positive developments for the recreational cruising space this month. Centers for Disease Control and Prevention said that fully vaccinated people can stop wearing masks and social distancing outdoors and in most indoor settings. 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.
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.
This could give potential cruise customers confidence that cruising is a relatively safe activity post-vaccination. The cruise industry was at the epicenter of the consumer discretionary sector which was rocked hard during the pandemic. Major COVID-19 outbreak headlines caused monumental damage to shares. After suffering insurmountable turmoil on the way down, the industry bounced back dramatically in the post-pandemic era. Pent-up demand drove bookings to surge back to pre-pandemic levels. But this stock is soaring today because of the positive prevailing trends in the business.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. For the full year 2024, the company expects an adjusted profit of about $635 million, or $1.23 per share.
Consumer demand surged back to return to full ships and dull-year profitability. 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.
Its Oceania Cruises features seven smaller luxury ships specializing in culinary and destination-focused cruising with a 684 to 1,250 guest capacity. NCLH stock fares better after Case 1, with an expected return of 4.5% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an expected return of 1.6% for Case 2. Ticket prices have also apparently been strong, trending above 2019 levels. Although Norwegian’s higher levels of leverage (debt has doubled to $12 billion from pre-pandemic levels) are a concern, the stock could still be worth a look considering that it remains down by about 45% from its 2019 levels. Norwegian Cruise Line CEO Harry Sommer expressed that 2023 was a landmark year for the company.
IF NCLH stock moved by -5% over 5 trading days, THEN over the next 21 trading days, NCLH stock moves an average of 4.5%, with a 62.8% probability of a positive return over this period. Now while cruise stocks have moved considerably over the last year, 2020 has also created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how the stock valuation for Northrop Grumman vs. Atlas Air Worldwide Holdings shows a disconnect with their relative operational growth.
Some of its debt will convert to shares because of how it was arranged. 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.
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