Why Norwegian Cruise Line Stock Is Sinking Today
Portfolio Pulse from Shivani Kumaresan
Norwegian Cruise Line Holdings Ltd (NCLH) stock is sinking following its weak Occupancy forecast for 2024 and beyond. Despite reporting Q2 FY23 sales growth of 85.7% YoY to $2.21 billion and an adjusted EPS of $0.30, beating analyst consensus, the company's shares are trading lower by 14.7%. The company expects Occupancy to be approximately 200 basis points lower relative to 2019 for 2024 and beyond.
August 04, 2023 | 9:28 am
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NCLH stock is sinking due to weak Occupancy forecast for 2024 and beyond, despite beating Q2 FY23 sales growth and EPS estimates.
NCLH reported strong Q2 FY23 results, beating analyst consensus on sales growth and EPS. However, the company's weak Occupancy forecast for 2024 and beyond has negatively impacted investor sentiment, leading to a drop in the stock price.
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