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Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know
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Norwegian Cruise Line (NCLH - Free Report) closed at $19.97 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's 0.28% gain on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.16%.
Heading into today, shares of the cruise operator had lost 11.71% over the past month, lagging the Consumer Discretionary sector's loss of 9.68% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from Norwegian Cruise Line as it approaches its next earnings release. On that day, Norwegian Cruise Line is projected to report earnings of -$1.69 per share, which would represent year-over-year growth of 27.47%. Meanwhile, our latest consensus estimate is calling for revenue of $585.37 million, up 6010.3% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Norwegian Cruise Line. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 43.67% lower. Norwegian Cruise Line is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know
Norwegian Cruise Line (NCLH - Free Report) closed at $19.97 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's 0.28% gain on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.16%.
Heading into today, shares of the cruise operator had lost 11.71% over the past month, lagging the Consumer Discretionary sector's loss of 9.68% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from Norwegian Cruise Line as it approaches its next earnings release. On that day, Norwegian Cruise Line is projected to report earnings of -$1.69 per share, which would represent year-over-year growth of 27.47%. Meanwhile, our latest consensus estimate is calling for revenue of $585.37 million, up 6010.3% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Norwegian Cruise Line. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 43.67% lower. Norwegian Cruise Line is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.