2024-05-20 11:32:13 ET
Cruise stocks are in the green at writing after Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) talked of “very strong demand” at its investor conference on Monday.
Norwegian Cruise Line raised full year outlook
Norwegian raised its profit guidance for the full year and laid out a three-year plan aimed at increasing shareholder returns at its investor day.
The cruise lines operator is calling that strategy “Charting the Course”.
cited “record bookings” and said it now expects to earn $1.42 per share on an adjusted basis this year. Analysts, in comparison, were at $1.36 a share.
The cruise company left its outlook for capacity unchanged at 105.1% but boosted guidance for net yield as well to 7.2% from about 6.4%. Norwegian stock is currently down some 20% versus its year-to-date high.
commits to EPS of $2.45 by 2026
Note that it’s the second time that Norwegian Cruise Line Holdings Ltd has raised its full-year profit guidance this month.
On May 1 st , it reported a weaker-than-expected growth in quarterly revenue but lifted per-share earnings outlook to $1.32 from about $1.23.
committed to increasing its adjusted EPS to $2.45 by 2026 as part of its “Charting the Course” strategy unveiled on Monday. Consensus for that year currently sits at $2.22.
Shares of its peers Carnival Corp and Royal Caribbean are also up more than 5.0% each following the bullish remarks from Miami headquartered Norwegian Cruise Line that Wall Street currently rates at “hold”.
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