Norwegian Cruise Line shares gain 1.72% after month-long decline
The stock closed at $14.82, while Zacks maintained a #4 (Sell) ranking and projected lower quarterly earnings and revenue.
Norwegian Cruise Line Holdings shares ended the latest trading session at $14.82, an increase of 1.72% from the previous close. Despite the one-day gain, the cruise operator’s stock had fallen 25.47% over the preceding month.
Zacks expected Norwegian Cruise Line to report quarterly earnings of $0.89 per share, which would represent a 25.83% decrease from the same quarter a year earlier. Its consensus revenue estimate stood at $2.88 billion, implying a year-over-year decline of 2.13%.
For the full year, Zacks’ consensus estimates called for earnings of $1.57 per share and revenue of $10.05 billion. Those projections would amount to a 25.59% decline in annual earnings per share and a 2.25% increase in revenue compared with the prior year.
Zacks assigned Norwegian Cruise Line a Rank of #4, designated as Sell.
