Viking clears Q4 views, provides an update on cruise bookings. Shares ease as travel stocks fall on demand warnings.
VIK's fourth-quarter 2024 performance is expected to have been aided by robust consumer demand and strong pricing.
Viking (VIK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Goldman Sachs analyst Lizzie Dove initiated coverage on Viking Holdings Ltd VIK with a Neutral rating and price forecast of $49.
Viking Holdings Ltd VIK is cashing in on the demand for travel experiences. This Zacks Rank #1 (Strong Buy) is expected to grow its revenue by 17.7% in 2025.
I maintain a buy rating for VIK due to strong demand, robust forward booking metrics, and justified premium valuation versus peers. 3Q24 earnings showed solid revenue growth, improved margins, and significant net debt reduction, with revenue up ~48% from pre-COVID levels. Demand remains strong, driven by organic growth, with passenger cruise days and revenue per PCD both increasing, and advance bookings up 26% y/y.
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Viking Holdings (VIK) on Tuesday posted third-quarter revenue and net income that beat analysts' expectations.
Viking Holdings Ltd (NYSE:VIK ) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Tor Hagen - CEO Leah Talactac - CFO Linh Banh - EVP, Finance Carola Mengolini - VP, IR Conference Call Participants Matthew Boss - J.P. Morgan Steve Wieczynski - Stifel Robin Farley - UBS Andrew Didora - Bank of America Patrick Scholes - Truist Securities Connor Cunningham - Melius Research Dan Politzer - Wells Fargo Steven Grambling - Morgan Stanley Meredith Jensen - HSBC Operator Good morning.
Travel company Viking Holdings Ltd (NYSE:VIK) will report earnings before the open tomorrow, Nov. 19.
Initiating coverage on Viking Holdings with a “Buy” rating and 24-month horizon, citing attractive valuation and growth potential. Viking's clear demographic focus on affluent, English-speaking adults over 55 and strong market share in North America support bullish outlook. Significant fleet expansion and robust order book through 2030, coupled with strong balance sheet and cash flows, ensure sustained revenue growth.