Norwegian Cruise Lines Sees FY24 Adj. EPS ~$1.23 Vs $1.73 Estimate
Portfolio Pulse from Benzinga Newsdesk
Norwegian Cruise Lines (NCLH) updated its FY24 financial outlook, reporting record bookings in Q1, leading to a record booked position for the next twelve months. The company raised its 2024 full year Net Yield guidance on a Constant Currency basis by 100 basis points to approximately 6.4% from 5.4%. Adjusted EBITDA guidance for 2024 increased by $50 million to about $2.25 billion, and Adjusted Net Income guidance rose by $45 million to $680 million. Consequently, Adjusted EPS guidance for 2024 was revised upwards to $1.32 from the previous $1.23, still below the $1.73 estimate.
May 01, 2024 | 11:33 am
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Norwegian Cruise Lines raised its FY24 financial forecasts, including Net Yield, Adjusted EBITDA, and Adjusted Net Income, with Adjusted EPS now expected at $1.32, below the $1.73 estimate.
The upward revision in Norwegian Cruise Lines' financial outlook for FY24, including higher Net Yield, Adjusted EBITDA, and Adjusted Net Income, indicates a positive performance trajectory. However, the Adjusted EPS being below the estimate might temper investor enthusiasm slightly. The positive adjustments in guidance reflect operational improvements and strong demand, likely leading to a positive short-term impact on NCLH's stock price, although the below-estimate EPS could moderate gains.
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