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Why the Market Dipped But Norwegian Cruise Line (NCLH) Gained Today
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Norwegian Cruise Line (NCLH - Free Report) ended the recent trading session at $18.39, demonstrating a +1.43% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.13%.
Heading into today, shares of the cruise operator had lost 0.22% over the past month, outpacing the Consumer Discretionary sector's loss of 0.61% and lagging the S&P 500's gain of 0.6%.
The upcoming earnings release of Norwegian Cruise Line will be of great interest to investors. The company is expected to report EPS of $0.51, up 27.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.55 billion, showing a 7.45% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.03 per share and a revenue of $10.07 billion, representing changes of +11.54% and +6.2%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Norwegian Cruise Line. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.04% downward. Norwegian Cruise Line is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Norwegian Cruise Line is presently being traded at a Forward P/E ratio of 8.94. This valuation marks a discount compared to its industry average Forward P/E of 19.54.
We can also see that NCLH currently has a PEG ratio of 0.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NCLH in the coming trading sessions, be sure to utilize Zacks.com.
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Why the Market Dipped But Norwegian Cruise Line (NCLH) Gained Today
Norwegian Cruise Line (NCLH - Free Report) ended the recent trading session at $18.39, demonstrating a +1.43% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.13%.
Heading into today, shares of the cruise operator had lost 0.22% over the past month, outpacing the Consumer Discretionary sector's loss of 0.61% and lagging the S&P 500's gain of 0.6%.
The upcoming earnings release of Norwegian Cruise Line will be of great interest to investors. The company is expected to report EPS of $0.51, up 27.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.55 billion, showing a 7.45% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.03 per share and a revenue of $10.07 billion, representing changes of +11.54% and +6.2%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Norwegian Cruise Line. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.04% downward. Norwegian Cruise Line is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Norwegian Cruise Line is presently being traded at a Forward P/E ratio of 8.94. This valuation marks a discount compared to its industry average Forward P/E of 19.54.
We can also see that NCLH currently has a PEG ratio of 0.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Leisure and Recreation Services industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NCLH in the coming trading sessions, be sure to utilize Zacks.com.