Table Of Content
Even though cruise line stocks are going through rough waters, there are reasons to be optimistic. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Analysts like Norwegian Cruise Line less than other Consumer Discretionary companies.
Norwegian Cruise Line (NCLH)
Here's Why Norwegian Cruise Line (NCLH) Fell More Than Broader Market - Yahoo Finance
Here's Why Norwegian Cruise Line (NCLH) Fell More Than Broader Market.
Posted: Wed, 25 Oct 2023 07:00:00 GMT [source]
The consensus rating for Norwegian Cruise Line is Hold while the average consensus rating for consumer discretionary companies is Moderate Buy. After a recent pullback to $14.33, I’d use weakness as an opportunity with Carnival. Not only is its sitting at double-bottom support dating back to late November, it’s technically over-extended on RSI, MACD, and Williams’ %R. From its current price, I’d like to see Carnival initially retest resistance at around $17.68. (3) Losses on extinguishments and modifications of debt are primarily included in interest expense, net.
NCLH Analyst Ratings By Month
All of those numbers are only expected to increase from here, with much stronger demand. 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. Its Oceania Cruises features seven smaller luxury ships specializing in culinary and destination-focused cruising with a 684 to 1,250 guest capacity. 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.
How we use your personal data
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. A breakout attempt through $20.62 fell short on March 28, 2024, as shares fell back into the triangle range, causing the daily relative strength index to peak at the 70-band and slip through the 40-band as shares fell towards the ascending trendline again. (4) Amortization of intangible assets related to the Acquisition of Prestige are included in depreciation and amortization expense. Adjusted Net Loss divided by the number of diluted weighted-average shares outstanding. As of December 31, 2021, the Company had hedged approximately 42% and 24% of its total projected metric tons of fuel consumption for the remainder of 2022 and 2023, respectively.
Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019
Onboard revenue per passenger cruise day rose 20% over 2019 in the quarter. The Company continues to execute on the phased relaunch plans for its 28-ship fleet. By year end 2021, the Company had approximately 70% of its capacity operating, or 75% when including a vessel that had returned to service and subsequently paused due to the inoperability of its scheduled voyages in South Africa during the height of its Omicron surge. Strong ticket pricing and onboard revenue spend drove positive contribution from the fleet that operated in the quarter. Occupancy in the fourth quarter of 2021 was 51.4% reflecting the Company’s self-imposed occupancy limits, the effect of COVID-related booking cancellations and a significant capacity increase from the prior quarter.
Related Stocks
Please see a historical reconciliation of these measures to the most comparable GAAP measure presented in our consolidated financial statements below. The sum of total cruise operating expense and marketing, general and administrative expense. A calculation whereby foreign currency-denominated revenues and expenses in a period are converted at the U.S. dollar exchange rate of a comparable period in order to eliminate the effects of foreign exchange fluctuations.
Norwegian Cruise Line Holdings Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Business Update
Fuel price per metric ton, net of hedges increased to $690 from $599 in 2020. The Company’s advance ticket sales balance was $1.8 billion, including the long-term portion, which includes approximately $0.7 billion of FCCs as of December 31, 2021. This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic.
Financial Performance
Over time, we expect both pricing and costs to normalize at low-single-digit rates. As previously stated, based on its current trajectory and market and public health conditions, the Company expects to have positive Adjusted Net Income for the second half of 2022. The Company does not provide estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. Total cruise operating expense decreased 5.0% in 2021 to $1.6 billion compared to $1.7 billion in 2020. In 2021, our cruise operating expenses prior to the resumption of cruise voyages were primarily related to crew costs, including salaries, food and other travel costs; fuel; and other ongoing costs such as insurance and ship maintenance, including Dry-dock expenses.
Norwegian Cruise Line (NCLH) Falls More Steeply Than Broader Market: What Investors Need to Know - Yahoo Finance
Norwegian Cruise Line (NCLH) Falls More Steeply Than Broader Market: What Investors Need to Know.
Posted: Thu, 11 Jan 2024 08:00:00 GMT [source]
We believe that Adjusted EBITDA is appropriate as a supplemental financial measure as it is used by management to assess operating performance. The fourth quarter 2021 cash burn rate and first quarter 2022 estimate reflect the deferral of debt amortization and previously agreed to newbuild related payments. 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.
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... Norwegian said its costs continue to rise, exacerbated by inflation, even as it returns more ships to service. Del Rio did not rule out an equity raise to manage debt, but he said it wouldn't be "prudent to issue more equity to de-lever the company," even though "there's a lot of work to do." Plus, with growing demand, the company just ordered eight new ships, which is the biggest order in company history. “We expect these strategic investments will secure our growth trajectory, significantly boost our earnings profile, and enhance shareholder value well into the future,” added Chief Financial Officer Mark Kempa. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
Put another way, it reveals the company's success at turning shareholder investments into profits. (1) Primarily consists of gains and losses, net for forward currency exchanges and derivatives not designated as hedges. (5) Impairment loss consists of goodwill, trade name and property and equipment impairments. The impairments of goodwill and trade names are included in impairment loss and the impairment of property and equipment is included in depreciation and amortization expense.
Interest expense, net was $950.0 million in 2021 compared to $159.2 million in 2020. Interest expense, net was $2.1 billion in 2021 compared to $482.3 million in 2020. 2020 included losses on extinguishment of debt and debt modification costs of $27.8 million.
The Company has export credit financing in place for the anticipated expenditures related to ship construction contracts of $1.0 billion, $2.0 billion and $0.7 billion for the years ending December 31, 2022, 2023 and 2024, respectively. Revenue increased to $487.4 million compared to $9.6 million in 2020 as cruise voyages resumed in the quarter. Cruise stocks rallied in intraday trading Tuesday after a strong earnings report and forecast from Norwegian Cruise Line Holdings (NCLH). 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...
Norwegian Cruise Line has been rated by Barclays, Citigroup, Mizuho, Morgan Stanley, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, and Truist Financial in the past 90 days. 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.
All voyages across the Company’s three brands continue to operate under our robust science-backed SailSAFE health and safety program. As part of this program, our policy requires our entire crew and all guests age 12 and over be fully vaccinated. In addition, our comprehensive SailSAFE protocols include universal COVID-19 testing prior to embarkation. The Company’s stringent vaccination policy applies across all voyages on its three brands as the Company believes this is the safest way to operate in the current global public health environment.
JPMorgan also raised its price target to $23 with an overweight rating. (3) Non-cash share-based compensation expenses related to equity awards are included in marketing, general and administrative expense and payroll and related expense. (2) Non-cash share-based compensation expenses related to equity awards are included in marketing, general and administrative expense and payroll and related expense.
No comments:
Post a Comment