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Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
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Norwegian reports a loss of $1.04 per share for the fourth quarter of 2022, thus missing analysts' forecast for a loss of 86 cents per share. In contrast, the company's sales jumped by more than 225% to 1.57 billion dollars, thus surpassing the forecasts of 1.5 billion dollars. Apparently what helped the company in increasing sales is strong pricing and increased sales on the ship.
The company forecasts a loss of 45 cents per share in the next quarter, and a profit per share in 2023 of 70 cents. In both cases it missed analysts' expectations, who expected a loss of 35 cents per share in the first quarter and an annual profit of $1.04 per share.
In terms of the company's indicators for business activity, encouraging data appeared, the sales per customer index, an index used by the company to understand what the sales per customer per day are, increased by 23%, thereby surpassing the company's own expectations. Order volumes have also increased over the past few months.
In addition, the company added that it expects the ship's occupancy to return to historic levels during the spring, along with an expectation that it will issue more cruises than it did during 2019, with an occupancy of 19% more than that year, which will be possible due to new ships joining.
"2022 was an eventful year, including successfully completing our nearly year-long comeback and receiving our state-of-the-art ship Norwegian Prima, along with achieving several key goals in our post-pandemic recovery plan," Frank Del Rio, the company's president.
Norigen is the third largest cruise company in the world, with headquarters in Miami and approximately 34,700 employees, in addition to a huge fleet of 29 ships. Among its main competitors are Royal Caribbean and Carnival. Before the corona epidemic, the company traveled to more than 500 destinations. Let's recall that the cruise sector went through quite a shakeup during the Corona period and as a result the cruise companies suffered large losses from which they are still trying to recover - the company's stock is still 75% away from where it was before the outbreak of the Corona virus. The company's value has increased since the beginning of the year by about 54% and it is traded at a market value of 6.12 billion dollars, with a future earnings multiple of 450.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
