Down 22% Last Month, Norwegian Cruise Line Stock Looks Set For A Rebound

Table Of Content

• NCLH Estimated and Actual Revenue by Quarter
• Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own?
• President Biden’s Plan To Change Credit Reporting And Scoring
• NYSE: NCLH
• Why You Should Consider Debt When Looking At ROE
• Oceania Cruises Commences the New Year with Exclusive Savings on Small Ship Luxury Experiences
• More Earnings Resources from MarketBeat
• Charting New Waters: Norwegian Cruise Line Unveils Ambitious Plans For Eight Ships

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. The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036.

NCLH Estimated and Actual Revenue by Quarter

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of "Hold" from Brokerages - MarketBeat

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of "Hold" from Brokerages.

Posted: Sat, 20 Apr 2024 10:25:24 GMT [source]

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. 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. On its current trajectory, it will be able to meet its financial needs although it won't be without some dilution to shareholders.

Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own?

The monthly returns are then compounded to arrive at the annual return. 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.

President Biden’s Plan To Change Credit Reporting And Scoring

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]

Don't underestimate the power of cruise line stocks as they reverse the bearish narrative. Carnival, Royal Caribbean, and Norwegian had to do a lot of scary things to stay literally and figuratively afloat after the COVID-19 crisis decimated the business. The share count and debt load at Norwegian has roughly doubled since the end of fiscal 2019, but the bloat isn't permanent.

The passengers found themselves stuck on São Tomé and Príncipe, an island nation of some 220,000 people off West Africa, in what the cruise line called a "very unfortunate situation." There are some legit reasons for Norwegian being a laggard among its fellow seafarers, but there's also a case to be made for it leading the way from here. The country's third-largest cruise ship operator can pop tenfold in the coming years if it catches the right waves along the way. Cruise line stocks stormed back into investor fancy earlier this year, but they have corrected sharply since their summertime highs. Norwegian Cruise Line (NCLH 1.67%) stock is now down 36% since hitting a high-water mark in late July. Norwegian Cruise Line's earnings are expected to grow from $1.00 per share to $1.38 per share in the next year, which is a 38.00% increase.

Why You Should Consider Debt When Looking At ROE

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. 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.

Oceania Cruises Commences the New Year with Exclusive Savings on Small Ship Luxury Experiences

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. #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. 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 8.05% from the latest price.

More Earnings Resources from MarketBeat

A clear picture of Norwegian Cruise Line's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. 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.

It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

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. A group of passengers left stranded on a small African island after missing a boarding deadline finally managed to rejoin their cruise ship on Tuesday after chasing it for almost a week. 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. Bear in mind, a high ROE doesn't always mean superior financial performance.

Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.

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...

It operates 32 ships across three brands —Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. With five passenger vessels on order among its brands through 2028, representing 16,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Analysts have set 12-month price targets for Norwegian Cruise Line, revealing an average target of $19.33, a high estimate of $21.00, and a low estimate of $15.00. Observing a 7.39% increase, the current average has risen from the previous average price target of $18.00. 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.

The strategy is expected to boost Norwegian Cruise’s product offering, guest experiences, and operational infrastructure. 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 ... 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...

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.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. See our analysis on Norwegian Cruise Line Stock Chances Of Rise for an overview of how NCLH stock has fared recently and how it compared to its peers. 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. Overall, according to the analyst, the positives surely outweigh the negatives.