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Norwegian Cruise Line (NCLH) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2-min read

Norwegian Cruise Line (NCLH) closed the most recent trading day at $11.98, moving -1.4% from the previous trading session. This move lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.01%.

Heading into today, shares of the cruise operator had gained 7.24% over the past month, outpacing the Consumer Discretionary sector's gain of 5.98% and lagging the S&P 500's gain of 8.35% in that time.

Norwegian Cruise Line will be looking to display strength as it nears its next earnings release, which is expected to be August 9, 2022. On that day, Norwegian Cruise Line is projected to report earnings of -$0.82 per share, which would represent year-over-year growth of 57.51%. Our most recent consensus estimate is calling for quarterly revenue of $1.26 billion, up 28827.62% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.17 per share and revenue of $5.39 billion, which would represent changes of +73.11% and +731.74%, respectively, from the prior year.

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Investors might also notice recent changes to analyst estimates for Norwegian Cruise Line. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Norwegian Cruise Line is holding a Zacks Rank of #3 (Hold) right now.

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
 
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