NCLH Stock Surges 80% in 2021; Analysts Predict Strong Earnings for Norwegian Cruise Line

Cruise Lines Ride Earnings Wave as Norwegian Cruise Line Holdings Reports Q2 Results

Cruise lines continue to ride the earnings wave with Norwegian Cruise Line Holdings (NCLH) scheduled to report second-quarter results early Tuesday. NCLH stock has bolted roughly 80% so far this year.

Cruise Lines Posting Powerful Gains in 2023

Cruise lines are posting powerful gains in 2023 as consumers embark on long-awaited vacations delayed by coronavirus pandemic lockdowns. The IBD Leisure-Services industry group swung 12.2% higher so far this year, led by Carnival (CCL) and Royal Caribbean (RCL).

Carnival Beats Estimates, Expects Return to Profitability

Carnival beat estimates in late June and noted it expects to return to profitability this year. CCL stock spiked nearly 130% in 2023 and was the IBD Stock of The Day for Thursday. Royal Caribbean trounced quarterly views early Thursday and hoisted its full-year earnings guidance by 33%.

Royal Caribbean Sees Strong Demand for 2023 and 2024 Sailings

Royal Caribbean noted demand for 2023 sailings is well above expectations, while 2024 bookings are up significantly compared to prior years, at record prices. CEO Jason Liberty said in the earnings release, "Demand for cruising and our brands is exceptionally strong and we have seen another step change in booking volumes and pricing, leading us to now expect double-digit net yield growth for the full year."

Norwegian Cruise Line Earnings Expectations

Analysts expect Norwegian Cruise Line earnings to improve to 26 cents per share from a loss of $1.14 per share last year. That would be its first positive earnings since Q1 2020. Revenue is seen spiking 82% to $2.16 billion.

NCLH Stock Performance

Norwegian Cruise stock rose 2.5% to 22.08 on Monday. NCLH stock has been consolidating near a profit-taking zone after rallying about 22% from an 18.12 cup base buy point. Norwegian Cruise Line shares are near 2023 highs following the June 12 breakout, and trading at their highest level since last April.

Shares arguably flashed an aggressive entry or add-on buy point after popping from the 21-day line late last week following Royal Caribbean earnings. NCLH stock needs a few more weeks to have an official buy point. Investors could view the past few weeks as a handle going back to April 2022. NCLH stock is holding above its major technical moving averages.

CCL stock rose 19% to 18.84 on Monday morning. Shares climbed 3.4% last week. Carnival stock bounced off its 21-day exponential moving average Wednesday, breaking a trendline in a short consolidation. Investors could use Thursday's high of 18.81 as a buy point. The current buy zone, which stretches 5% beyond the buy point, extends to 18.91.

RCL stock edged higher on Monday. Shares surged 6% last week following Royal Caribbean earnings. Shares are trading at their highest level since February 2020.

You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison

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