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Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Norwegian Cruise Line (NCLH - Free Report) closed at $19.56, marking a -1.46% move from the previous day. This move lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the cruise operator had lost 5.57% in the past month. In that same time, the Consumer Discretionary sector lost 14.06%, while the S&P 500 lost 9.65%.
Investors will be hoping for strength from Norwegian Cruise Line as it approaches its next earnings release. The company is expected to report EPS of -$1.69, up 27.47% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $585.37 million, up 6010.3% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Norwegian Cruise Line. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 43.67% lower. Norwegian Cruise Line is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Norwegian Cruise Line (NCLH - Free Report) closed at $19.56, marking a -1.46% move from the previous day. This move lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Coming into today, shares of the cruise operator had lost 5.57% in the past month. In that same time, the Consumer Discretionary sector lost 14.06%, while the S&P 500 lost 9.65%.
Investors will be hoping for strength from Norwegian Cruise Line as it approaches its next earnings release. The company is expected to report EPS of -$1.69, up 27.47% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $585.37 million, up 6010.3% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Norwegian Cruise Line. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 43.67% lower. Norwegian Cruise Line is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.