Norwegian Cruise Line nyse Nclh Stock Surges on Bullish First Quarter Eps Outlook

Norwegian Cruise Line (NYSE: NCLH) Stock Surges on Bullish First Quarter EPS Outlook

Norwegian Cruise Line Holdings (NYSE: NCLH) stock soared after the company issued an upbeat EPS guidance for the first quarter.

Norwegian Cruise Line (NCLH) reported better-than-expected revenue for the fourth quarter. The company reported revenue figures of $1.99 billion, up 32% from 2019, beating analysts’ consensus of $1.97 billion. However, NCLH posted a loss per share of -$0.18, falling short of the consensus estimate of -$0.12.

NCLH has also issued optimistic EPS guidance. The cruise giant anticipates adjusted earnings per share (EPS) of $0.12 for the first quarter of 2024, higher than the consensus estimates of -$0.20. Looking ahead to the full year 2024, NCLH forecasts an adjusted EPS of $1.23, aligning with the consensus estimate.

CEO Harry Sommer highlighted the company’s achievements over the past year. These include the addition of three new ships to their fleet and an unprecedented number of bookings and pricing for voyages in 2024. He emphasized the company’s dedication to innovation and providing exceptional guest experiences, anticipating that these factors will boost performance in the coming year.

Norwegian Cruise Line reported a return to full-year profitability for the first time since 2019, with a GAAP net income of $166.2 million, or $0.39 per share. Adjusted EBITDA met guidance at $1.861 billion despite a minor negative impact from foreign currency fluctuations.

The company’s occupancy rates for the year hit 102.9%, matching the forecast of 102.6%. In addition, the total income per passenger cruise day saw a rise of about 17% compared to the figures from 2019.

Norwegian Cruise Line, along with its financial growth, has introduced a new climate action plan. This plan sets short-term goals for reducing greenhouse gas emissions, reflecting the company’s commitment to sustainability.

Norwegian Cruise Line (NYSE: NCLH) Stock Reaction

NCLH stock spiked 19.84% to close at $19.09 on Tuesday. The traders had exchanged hands with 50,073,771(50.07 million) shares compared to the average daily trading volume of 13.10 million.