Could Norwegian Cruise Line Holdings Ltd’s (NYSE: NCLH) Earnings Exceed Your Expectations?

In today’s recent session, 3.33 million shares of the Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) have been traded, and its beta is 2.60. Most recently the company’s share price was $19.25, and it changed around $0.71 or 3.86% from the last close, which brings the market valuation of the company to $8.20B. NCLH at last check was trading at a discount to its 52-week high of $22.75, offering almost -18.18% off that amount. The share price’s 52-week low was $12.41, which indicates that the recent value has risen by an impressive 35.53% since then. We note from Norwegian Cruise Line Holdings Ltd’s average daily trading volume that its 3-month average coming to 12.05 million.

Norwegian Cruise Line Holdings Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 2.59. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 8 recommended NCLH as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Norwegian Cruise Line Holdings Ltd is expected to report earnings per share of $0.11 for the current quarter.

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) trade information

Instantly NCLH has been showing a green trend so far today with a performance of 3.86% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -3.92% year-to-date, but still up 10.22% over the last five days. On the other hand, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) is -6.98% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $21.42, which translates to bulls needing to increase their stock price by 10.13% from its current value. Analyst projections state that NCLH is forecast to be at a low of $11.5 and a high of $32.

Norwegian Cruise Line Holdings Ltd (NCLH) estimates and forecasts

Norwegian Cruise Line Holdings Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 41.79 percent over the past six months and at a 80.00% annual growth rate that is well above the industry average of 9.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 136.70% in revenue this quarter, and will report an increase of 3.30% in the next quarter. The year-over-year growth rate is expected to be 9.40%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $2.24 billion in revenue for the current quarter. 14 analysts expect Norwegian Cruise Line Holdings Ltd to make $2.36 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.82 billion. Analysts predict that the company’s current quarter sales will jump, forecast at 23.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -38.02%. Norwegian Cruise Line Holdings Ltd earnings are expected to increase by 82.43% in 2024, but the outlook is positive 46.05% per year for the next five years.