We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Viking (VIK): Can Its 6.8% Jump Turn into More Strength?
Read MoreHide Full Article
Viking Holdings (VIK - Free Report) shares rallied 6.8% in the last trading session to close at $85.8. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.4% gain over the past four weeks.
Viking Holdings' shares rose on April 17, as oil slipped sharply to record lows after Iran declared the Strait of Hormuz open for commercial vessels, though President Trump stated the U.S. naval blockade would remain in effect. On Friday, Brent crude plummeted 12%, slipping below $84 per barrel. Expenses on fuel represent a key input cost for travel stocks like VIK.
This cruise operator is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $974.7 million, up 8.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Viking, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on VIK going forward to see if this recent jump can turn into more strength down the road.
Viking is part of the Zacks Leisure and Recreation Services industry. United Parks & Resorts (PRKS - Free Report) , another stock in the same industry, closed the last trading session 0.4% higher at $36.07. PRKS has returned 11.2% in the past month.
For United Parks & Resorts, the consensus EPS estimate for the upcoming report has changed -5.1% over the past month to -$0.34. This represents a change of -17.2% from what the company reported a year ago. United Parks & Resorts currently has a Zacks Rank of #3 (Hold).
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Strength Seen in Viking (VIK): Can Its 6.8% Jump Turn into More Strength?
Viking Holdings (VIK - Free Report) shares rallied 6.8% in the last trading session to close at $85.8. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.4% gain over the past four weeks.
Viking Holdings' shares rose on April 17, as oil slipped sharply to record lows after Iran declared the Strait of Hormuz open for commercial vessels, though President Trump stated the U.S. naval blockade would remain in effect. On Friday, Brent crude plummeted 12%, slipping below $84 per barrel. Expenses on fuel represent a key input cost for travel stocks like VIK.
This cruise operator is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $974.7 million, up 8.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Viking, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on VIK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Viking is part of the Zacks Leisure and Recreation Services industry. United Parks & Resorts (PRKS - Free Report) , another stock in the same industry, closed the last trading session 0.4% higher at $36.07. PRKS has returned 11.2% in the past month.
For United Parks & Resorts, the consensus EPS estimate for the upcoming report has changed -5.1% over the past month to -$0.34. This represents a change of -17.2% from what the company reported a year ago. United Parks & Resorts currently has a Zacks Rank of #3 (Hold).