Norwegian Cruise Line Shares Gain After Monthly Decline
The cruise operator’s stock rose 2.96% in the latest session while analyst estimates pointed to lower quarterly earnings and revenue.
Norwegian Cruise Line shares ended the most recent trading day at $14.61, rising 2.96% from the previous session. Over the prior month, however, the company’s stock had fallen 14.78%.
Analysts expected Norwegian Cruise Line to report quarterly earnings of $0.89 per share. That result would amount to a year-over-year decline of 25.83%. The latest consensus estimate also projected quarterly revenue of $2.88 billion, a decrease of 2.13% from the corresponding quarter a year earlier.
For the full year, Zacks consensus estimates called for Norwegian Cruise Line to post earnings of $1.57 per share and revenue of $10.05 billion. Zacks assigned the company its Rank No. 4, designated Sell.
