What's Good for Royal Caribbean and NCL Is Great for Carnival Stock

Motley Fool05-01

Norwegian Cruise Line posted mixed financial results on Wednesday but joins its larger rivals in boosting its bottom-line guidance. All three stocks are now trading for less than 15 times this ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432950033?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775243%2Fgettyladydeckchair.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-05-01 23:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432950033","market":"us","top_or_hot":-1,"title":"What's Good for Royal Caribbean and NCL Is Great for Carnival Stock","media":"Motley Fool","content":"<div>\n<p>Norwegian Cruise Line posted mixed financial results on Wednesday but joins its larger rivals in boosting its bottom-line guidance.\n\n\n\n\n\n\n\nAll three stocks are now trading for less than 15 times this ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/01/whats-good-for-royal-caribbean-and-ncl-is-great-fo/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's Good for Royal Caribbean and NCL Is Great for Carnival Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's Good for Royal Caribbean and NCL Is Great for Carnival Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/01/whats-good-for-royal-caribbean-and-ncl-is-great-fo/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Norwegian Cruise Line posted mixed financial results on Wednesday but joins its larger rivals in boosting its bottom-line guidance.\n\n\n\n\n\n\n\nAll three stocks are now trading for less than 15 times this ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/01/whats-good-for-royal-caribbean-and-ncl-is-great-fo/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4142","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://www.fool.com/investing/2024/05/01/whats-good-for-royal-caribbean-and-ncl-is-great-fo/","article_id":"2432950033","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775243%2Fgettyladydeckchair.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432950033","pubTimestamp":1714578900,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Strong growth at its smaller rivals is a good thing for the world's largest cruise line operator.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","BK4517":"邮轮概念","RGLD":"皇家黄金","BK4017":"黄金","NCL":"Northann Corp.","BK4585":"ETF&股票定投概念","BK4086":"建筑产品","BK4588":"碎股","CCL":"嘉年华邮轮"},"translate_title":"对皇家加勒比和NCL有利的是对嘉年华股票有利的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCL":1,"NCL":1,"RGLD":1},"content_text":"Norwegian Cruise Line posted mixed financial results on Wednesday but joins its larger rivals in boosting its bottom-line guidance.\n\n\n\n\n\n\n\nAll three stocks are now trading for less than 15 times this year's projected earnings.\n\n\n\n\n\n\n\nCarnival stock is down 20% this year after more than doubling in 2023. Customer demand has never been stronger, even if the same can't be said about investor demand.\n\nTwo of the three largest cruise line operators have posted quarterly results over the past week. Don't expect to hear from Carnival Corp. (CCL -2.87%) anytime soon. The market leader operates on a different fiscal year that ends in November. Carnival's next earnings call won't take place until late June.It's still important for Carnival shareholders to check on how its rivals are faring. Royal Caribbean's (RCL -2.64%) blowout performance last week and Norwegian Cruise Line's (NCLH -13.72%) strong showing this Wednesday morning reaffirm the improving state of the industry. With cruise line stocks merely drifting along in 2024 after trouncing the market last year, it could be a great time to come aboard.The water's fineNorwegian Cruise Line saw its revenue rise 20% to $2.19 billion through the first three months of this year. An 8% increase in its fleet capacity, along with the more encouraging trends of increased occupancy levels and an 8% jump in total revenue per passenger cruise day, helped lift the top line above its pre-pandemic showings. Analysts were actually holding out for a 23% increase in revenue, but the news gets better on the bottom line.The third-largest cruise line operator reversed a year-ago deficit to post an adjusted profit of $0.16 a share in the first quarter. Norwegian was only eyeing net income of $0.12 a share. With improving margins and its forward-booked position at an all-time high, it became the latest player in the cruising market to boost its guidance.Norwegian now sees a profit of $1.32 a share for all of 2024, up from its previous goal of $1.23 a share. Nearly half of that boost resulted from its first-quarter beat, but it obviously sees stronger-than-expected earnings growth for the balance of this year, too.Norwegian shares opened slightly lower on Wednesday as a result of the top-line miss, but that wasn't the case with larger peer Royal Caribbean last week. The world's second-largest cruise line saw its first-quarter revenue soar 29%, comfortably ahead of Wall Street's crow's nest. Royal Caribbean also blew profit targets out of the water and has jacked up its full-year profit outlook twice in the last three months.Image source: Getty Images.Here's the opportunityThe first quarter wasn't perfect for the industry, outside of Royal Caribbean's blowout showing. Carnival joins Norwegian in falling short on revenue growth in its fiscal first quarter, announced in late March. All three players still grew their total revenue by at least 20%, obliterating expectations on the earnings front.The future is bright. All three players also closed out their latest quarters with record booking levels and customer deposits. The allure of ocean getaways has never been stronger. The initial pandemic-related stoppage only heightened demand once the health concerns were resolved.Investing in cruise line stocks was a great call in 2023. Shares of Carnival and Royal Caribbean more than doubled. Norwegian -- historically the laggard of the lot -- was up only 64%, but that was obviously more than enough to beat the market.Momentum on the trading floor has been lost at sea in 2024. Carnival is down 20% through the first four months of the year. Norwegian is now down in a double-digit percentage hole. Royal Caribbean is the only one treading above water, with the stock rising 8% through the end of April. But even that move up fails to reflect the dramatic revisions higher of its near-term prospects.Carnival, Royal Caribbean, and Norwegian are all trading at forward earnings multiples in the low teens. They are using their newfound wealth to pay down debt and repurchase shares. Investors feeling they might have missed the boat in last year's rally may want to see whether the ships have returned this year to get them. There is still time to go cruising.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432950033"}