Norwegian Cruise Line (NCLH) Stock Moves -0.49%: What You Should Know
Norwegian Cruise Line (NCLH) closed the latest trading day at $16.18, indicating a -0.49% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.6%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.92%.
Coming into today, shares of the cruise operator had lost 6.98% in the past month. In that same time, the Consumer Discretionary sector gained 3.27%, while the S&P 500 gained 3.56%.
Analysts and investors alike will be keeping a close eye on the performance of Norwegian Cruise Line in its upcoming earnings disclosure. The company's earnings report is set to go public on February 27, 2024. It is anticipated that the company will report an EPS of -$0.13, marking an 87.5% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 31.14% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Norwegian Cruise Line. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.7% lower within the past month. Currently, Norwegian Cruise Line is carrying a Zacks Rank of #4 (Sell).
Looking at its valuation, Norwegian Cruise Line is holding a Forward P/E ratio of 14.1. This signifies a discount in comparison to the average Forward P/E of 16.11 for its industry.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
