In the latest trading session, Norwegian Cruise Line (NCLH - Free Report) closed at $17.65, marking a +1.91% move from the previous day. This change outpaced the S&P 500's 0.34% loss on the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq decreased by 0.56%.
Shares of the cruise operator witnessed a loss of 4.73% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 2.07% and the S&P 500's gain of 2.56%.
The upcoming earnings release of Norwegian Cruise Line will be of great interest to investors. In that report, analysts expect Norwegian Cruise Line to post earnings of -$0.07 per share. This would mark year-over-year growth of 93.27%. At the same time, our most recent consensus estimate is projecting a revenue of $1.99 billion, reflecting a 30.95% rise from the equivalent quarter last year.
Investors should also note any recent changes to analyst estimates for Norwegian Cruise Line. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.31% higher. Currently, Norwegian Cruise Line is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Norwegian Cruise Line is at present trading with a Forward P/E ratio of 14.78. This indicates a discount in contrast to its industry's Forward P/E of 16.16.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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In the latest trading session, Norwegian Cruise Line (NCLH - Free Report) closed at $17.65, marking a +1.91% move from the previous day. This change outpaced the S&P 500's 0.34% loss on the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq decreased by 0.56%.
Shares of the cruise operator witnessed a loss of 4.73% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 2.07% and the S&P 500's gain of 2.56%.
The upcoming earnings release of Norwegian Cruise Line will be of great interest to investors. In that report, analysts expect Norwegian Cruise Line to post earnings of -$0.07 per share. This would mark year-over-year growth of 93.27%. At the same time, our most recent consensus estimate is projecting a revenue of $1.99 billion, reflecting a 30.95% rise from the equivalent quarter last year.
Investors should also note any recent changes to analyst estimates for Norwegian Cruise Line. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.31% higher. Currently, Norwegian Cruise Line is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Norwegian Cruise Line is at present trading with a Forward P/E ratio of 14.78. This indicates a discount in contrast to its industry's Forward P/E of 16.16.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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