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Why Is Viking (VIK) Up 5.8% Since Last Earnings Report?
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A month has gone by since the last earnings report for Viking Holdings (VIK - Free Report) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Viking due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Viking Holdings Ltd. before we dive into how investors and analysts have reacted as of late.
VikingQ2 Earnings In Line
Viking reported second-quarter 2025 results wherein earnings came in line with the Zacks Consensus Estimate and revenues surpassed the same.
Quarterly earnings of 99 cents per share matched the Zacks Consensus Estimate and improved from the year-ago quarter.
Total revenues of $1.88 billion surpassed the Zacks Consensus Estimate of $1.83 billion and improved 18.5% on a year-over-year basis. The upside was driven by increased Capacity Passenger Cruise Days (capacity PCDs), higher Occupancy and higher revenue per PCD in 2025
Adjusted EBITDA of $632.9 million grew 28.5% year over year owing to increased Capacity PCDs, higher Occupancy and higher revenue per PCD.
Adjusted gross margin grew 19.2% from the year-ago quarter.
During the second quarter of 2025, capacity PCDs grew 8.8% year over year owing to the growth in the company’s fleet, which included three additional river vessels, one additional ocean ship and the Viking Yi Dun accommodation agreement. Occupancy for the second quarter of 2025 was 95.6%.
For the second quarter of 2025, vessel operating expenses increased 14.8% year over year, and vessel operating expenses, excluding fuel, increased 17.7% year over year, owing to the increase in the size of the company's fleet in 2025 compared to 2024.
As of June 30, 2025, VIK had $2.6 billion in cash and cash equivalents and an undrawn revolver facility of $375.0 million. The company’s net debt was $3.22 billion.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
At this time, Viking has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Viking has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Why Is Viking (VIK) Up 5.8% Since Last Earnings Report?
A month has gone by since the last earnings report for Viking Holdings (VIK - Free Report) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Viking due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Viking Holdings Ltd. before we dive into how investors and analysts have reacted as of late.
Viking Q2 Earnings In Line
Viking reported second-quarter 2025 results wherein earnings came in line with the Zacks Consensus Estimate and revenues surpassed the same.
Quarterly earnings of 99 cents per share matched the Zacks Consensus Estimate and improved from the year-ago quarter.
Total revenues of $1.88 billion surpassed the Zacks Consensus Estimate of $1.83 billion and improved 18.5% on a year-over-year basis. The upside was driven by increased Capacity Passenger Cruise Days (capacity PCDs), higher Occupancy and higher revenue per PCD in 2025
Adjusted EBITDA of $632.9 million grew 28.5% year over year owing to increased Capacity PCDs, higher Occupancy and higher revenue per PCD.
Adjusted gross margin grew 19.2% from the year-ago quarter.
During the second quarter of 2025, capacity PCDs grew 8.8% year over year owing to the growth in the company’s fleet, which included three additional river vessels, one additional ocean ship and the Viking Yi Dun accommodation agreement. Occupancy for the second quarter of 2025 was 95.6%.
For the second quarter of 2025, vessel operating expenses increased 14.8% year over year, and vessel operating expenses, excluding fuel, increased 17.7% year over year, owing to the increase in the size of the company's fleet in 2025 compared to 2024.
As of June 30, 2025, VIK had $2.6 billion in cash and cash equivalents and an undrawn revolver facility of $375.0 million. The company’s net debt was $3.22 billion.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
At this time, Viking has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Viking has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.