Norwegian Cruise Line (NYSE:NCLH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.320-1.320 for the period, compared to the consensus estimate of 1.300. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY24 guidance to ~$1.32 EPS.
Wall Street Analyst Weigh In
NCLH has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They issued a neutral rating and a $19.00 price target for the company. StockNews.com raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Tuesday, March 5th. Barclays dropped their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a research report on Thursday. Finally, Truist Financial upped their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $20.67.
Read Our Latest Research Report on NCLH
Norwegian Cruise Line Stock Performance
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same quarter last year, the firm posted ($1.10) earnings per share. On average, research analysts forecast that Norwegian Cruise Line will post 1 EPS for the current fiscal year.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
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