Norwegian Cruise Line Reports Earnings for Q2 2023
August 8, 2023
🌥️Earnings Overview
For the second quarter of Fiscal Year 2023, NORWEGIAN CRUISE LINE ($NYSE:NCLH) reported total revenue of USD 2205.5 million, representing an 85.8% increase compared to the same period in the previous year. Furthermore, net income rose by 116.9%, amounting to USD 86.1 million.
Stock Price
On Tuesday, Norwegian Cruise Line reported its second quarter earnings for 2023. The stock opened at $19.7 and closed at $19.4, representing a 12.1% plunge from its last closing price of 22.1. This is a significant decrease for the Norwegian Cruise Line, as it is well below the market expectations of a modest increase in the share price. The company attributed the dip in stock to the ongoing pandemic.
Analysts have noted that although this is a positive sign, the uncertainty caused by the pandemic has undoubtedly taken its toll on the company’s bottom line. Despite this, the company is confident in its ability to recover from the downturn and is committed to providing a safe and enjoyable cruise experience for customers once travel restrictions are fully lifted. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NCLH. More…
| Total Revenues | Net Income | Net Margin |
| 7.16k | -851.08 | -11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NCLH. More…
| Operations | Investing | Financing |
| 1.86k | -2.67k | -192.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NCLH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.65k | 18.63k | 0.04 |
Key Ratios Snapshot
Some of the financial key ratios for NCLH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.4% | 8.4% | -2.7% |
| FCF Margin | ROE | ROA |
| -8.0% | 285.3% | -0.6% |
Analysis
At GoodWhale, we have completed a comprehensive analysis of the fundamentals of NORWEGIAN CRUISE LINE. Our Risk Rating identified NORWEGIAN CRUISE LINE as a medium risk investment when considering the financial and business aspects. We have also detected two risk warnings in their income sheet and balance sheet that are important to take into consideration. For more detailed information, be sure to register on goodwhale.com. Here, you can view all of our findings and make an informed decision about NORWEGIAN CRUISE LINE. More…
Peers
The company operates through three segments: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. It offers cruises to destinations in the Caribbean, Europe, Alaska, South America, Asia, and the Pacific. The company was founded in 1966 and is headquartered in Miami, Florida. The company’s competitors include Royal Caribbean Group, Hilton Worldwide Holdings Inc, Wyndham Hotels & Resorts Inc.
– Royal Caribbean Group ($NYSE:RCL)
Royal Caribbean Group is a cruise company that operates Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The company has a market cap of 12.55B as of 2022 and a Return on Equity of -53.73%. Royal Caribbean Group is headquartered in Miami, Florida.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. It has a market cap of 35.99B as of 2022 and a Return on Equity of -148.2%. The company was founded in 1919 and is headquartered in McLean, Virginia.
– Wyndham Hotels & Resorts Inc ($NYSE:WH)
Wyndham Hotels & Resorts Inc is a hotel and resort company that operates globally. As of 2022, the company has a market capitalization of 6.34 billion dollars and a return on equity of 30.65%. The company’s primary business is owning, operating, and franchising hotels and resorts under various brands.
Summary
Norwegian Cruise Line reported impressive second quarter fiscal year 2023 earnings results on June 30th, with total revenue increasing by 85.8% and net income increasing by 116.9%. Despite this positive news, the company’s stock price moved down that same day. Investors should consider the potential long-term implications of these results when making decisions about Norwegian Cruise Line. An analysis of the company’s financials and news coverage should be conducted in order to evaluate the true impact of the second quarter earnings and make an informed investing decision.
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