Norwegian Cruise Line (NCLH) Beats Stock Gains: What You Need to Know
NOTOrwegian Cruise Line (NCLH) closed at $ 31.03 in the last trading session, marking a movement of + 1.37% from the previous day. The change exceeded the S&P 500’s 0.33% gain on the day.
Prior to today, shares of the cruise line had lost 5.58% over the past month, trailing the Consumer Discretionary sector’s gain of 1.42% and the S&P 500’s gain of 1.74% over the past month. of this period.
Investors are hoping for strength from NCLH as its next earnings release nears. On that day, NCLH is expected to report earnings of $ -1.98 per share, which would represent year-over-year growth of 28.78%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 6.8 million, down 59.83% from the previous year.
Zacks’ consensus estimates for the full year of NCLH project earnings of – $ 6.65 per share and revenue of $ 994.98 million. These results would represent year-over-year variations of + 23.03% and -22.26%, respectively.
Investors might also notice recent changes in analyst estimates for NCLH. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these rating changes and provides an actionable rating system.
Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus EPS estimate has fallen 6.32% over the past month. NCLH is currently a Zacks Rank # 3 (Hold).
The leisure and leisure services industry is part of the consumer discretionary sector. This industry currently has a Zacks Industry Rank of 178, which places it in the lowest 30% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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