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Should You Buy #1 (Strong Buy)-Ranked Norwegian Cruise Line (NCLH) for Your Portfolio?

Norwegian Cruise Line was upgraded to the Zacks Rank #1 list on August 14, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Norwegian Cruise Line Holdings Ltd., a Bermuda Limited company, is a leading cruise line operator. It owns and operates three brands — Oceania Cruises, Regent Seven Seas Cruises and Norwegian Cruise Line. The company, founded in 1966, is headquartered in Miami, FL.

For fiscal 2024, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $1.58 per share. NCLH boasts an average earnings surprise of 5.7%.

Analysts are expecting earnings to grow 125.7% for the current fiscal year, with revenue forecasted to rise 9.8%.

Even more impressive, NCLH has gained in value over the past four weeks, up 13.1% compared to the S&P 500's gain of 1.2%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Norwegian Cruise Line could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report

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