Norwegian Cruise Line Guidance ‘Falls Short Of High Expectations’: 4 Analysts Dive Into Q1 Earnings
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Shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) continued to sink in early trading on Thursday, after the company reported its first-quarter results.
Here are some key analyst takeaways from the release.
- Goldman Sachs analyst Lizzie Dove maintained a Neutral rating and price target of $19.
- Bank of America Securities analyst Andrew Didora reaffirmed a Hold rating and price target of $20.
- Truist Securities analyst Patrick Scholes reiterated a Hold rating and price target of $20.
- JPMorgan analyst Matthew Boss maintained a Neutral rating on the stock.
Check out other analyst stock ratings.
Goldman Sachs: Management’s guidance raise fell short of high expectations, Dove said in a note. “In an industry where demand is stronger than ever and expectations had increased into the print, a $50mn raise to ‘24 EBITDA guidance was not enough for NCLH today,” she wrote.
Guidance reflects a deceleration in net per diem (net revenue per passenger cruise day) in the fourth quarter. That’s “the key negative,” according to Dove.
The company raised …
Full story available on Benzinga.com
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