Norwegian Cruise Line Sets Sail For Stellar Outlook; Stock Jumps
Portfolio Pulse from Akanksha Bakshi
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported a 30.8% year-on-year sales growth for Q4 fiscal 2023, with revenues of $1.986 billion slightly above consensus. Adjusted EPS improved but missed expectations. The company saw a significant recovery compared to 2019, with total revenue and per Passenger Cruise Day up by 34% and 21%, respectively. Operating income turned positive, and adjusted EBITDA significantly improved. The company provided a strong outlook for 2024, expecting an Adjusted EPS of ~$1.23 and Adjusted EBITDA of ~$2.2 billion. Shares surged 17.5% to $18.72.
February 27, 2024 | 4:12 pm
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POSITIVE IMPACT
Norwegian Cruise Line reported strong Q4 fiscal 2023 results with sales growth of 30.8% Y/Y and a significant recovery from 2019. The company provided a positive outlook for 2024, expecting Adjusted EPS of ~$1.23 and Adjusted EBITDA of ~$2.2 billion. Shares surged 17.5%.
The positive financial results and the optimistic outlook for 2024, including expected Adjusted EPS and EBITDA, indicate a strong recovery and growth trajectory for NCLH. The significant share price increase reflects investor confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100