Movement Alert|Viking Holdings Ltd. Falls 5.18% in Regular Trading, Q2 Earnings Beat Triggers Profit-Taking

Market Focus08-20 02:34

On August 19, Viking Holdings Ltd. fell 5.18% in regular trading, trading at 93.26 USD/share, with turnover of $281 million. The decline came despite the company reporting Q2 results that exceeded market expectations on all key metrics.

Viking Holdings disclosed Q2 earnings showing revenue of $2.19 billion, up 16.5% year-over-year and approximately $50 million above consensus estimates. Adjusted EPS came in at $1.31, representing 32.3% growth and beating the analyst consensus of $1.26 by roughly 4%. Occupancy remained elevated at 94.4%, while available passenger cruise days expanded 10.9% year-over-year. Booking data showed 96% of current season capacity sold and 53% of next season already booked, signaling sustained demand from affluent travelers.

Despite the strong results, the stock experienced profit-taking pressure. UBS Securities reiterated its buy rating and raised its price target to $121 from $100, citing sustained return on invested capital and growth profile. The firm expects EPS of $3.23, $4.28, and $5.50 for 2026, 2027, and 2028, respectively.

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