Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Norwegian Cruise Line (NCLH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks.com users have recently been watching Norwegian Cruise Line (NCLH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Norwegian Cruise Line Holdings (NYSE: NCLH) has seen a bigger price increase than anticipated since late September, when it was last covered, necessitating a reassessment of its prospects. In the meantime, the company released Q3 2024 results, which reflect double digit revenue and earnings growth. The company has also raised its earnings guidance once again. While a price rise is still expected, prompting a Buy rating, investors might do well to be realistic in the returns possible until at least 2025 earnings guidance comes in.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Corporate Participants Sarah Inman - Investor Relations Harry Sommer - President and Chief Executive Officer Mark Kempa - Executive Vice President and Chief Financial Officer Conference Call Participants James Hardiman - Citi Brant Montour - Barclays Steven Wieczynski - Stifel Matthew Boss - JPMorgan Conor Cunningham - Melius Research Vincent Ciepiel - Cleveland Research Company Robin Farley - UBS Patrick Scholes - Truist Securities Ben Chaiken - Mizuho Securities Operator Greetings and welcome to the Norwegian Cruise Line Holdings Third Quarter 2024 Earnings Conference Call and Webcast.
Norwegian Cruise Line's stock rallies toward a three-year high after an “impressive” quarterly performance and amid continued “robust” demand.
Although the revenue and EPS for Norwegian Cruise Line (NCLH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NCLH's third-quarter performance benefits from strong demand, cost control efforts and the effective execution by shoreside and shipboard teams.
Norwegian Cruise Line (NCLH) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.76 per share a year ago.
The cruise operator is one of the S&P 500's best performers in October. It looks set to end the month in style.
NCLH's third-quarter 2024 performance is expected to have been aided by robust consumer demand and strong pricing.
Here is how Norwegian Cruise Line (NCLH) and Boyd Gaming (BYD) have performed compared to their sector so far this year.