Norwegian Cruise Line shares close down 3.51 percent at $14.85
The stock declined 17.7 percent over the previous month as consensus estimates pointed to lower quarterly earnings and revenue.
Norwegian Cruise Line shares ended the most recent trading day at $14.85, falling 3.51 percent from the previous session. Over the prior month, the cruise company’s shares decreased 17.7 percent.
The report said the consensus estimate projected earnings per share of $0.89 for the upcoming quarter. That would mark a 25.83 percent decrease from the corresponding quarter of the previous year. The consensus revenue estimate was $2.87 billion, representing a 2.19 percent decline from the same period a year earlier.
For the full fiscal year, Zacks Consensus Estimates forecast earnings of $1.57 per share and revenue of $10.04 billion. Those projections represented a 25.59 percent earnings decrease and a 2.17 percent revenue increase compared with the prior year, respectively.
The report also stated that Norwegian Cruise Line held a Zacks Rank of number four, carrying a Sell designation.