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Fly News Breaks for July 19, 2019
CCL, NCLH, RCL
Jul 19, 2019 | 07:29 EDT
Deutsche Bank analyst Chris Woronka expects a "relief rally" in shares of Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) if the companies can "simply meet" the "less-demanding bar" for Q2. Both stocks have significantly underperformed their closest consumer-discretionary peers over the past month, despite having already quantified the anticipated Cuba impact on fiscal 2019 earnings, Woronka tells investors in a research note. The analyst believes sentiment "has gotten too negative" on Royal Caribbean and Norwegian. The market continues to extrapolate too much from "multiple" Carnival (CCL)-specific issues, says Woronka.
News For RCL;NCLH;CCL From the Last 2 Days
CCL
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CCL
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
CCL
Mar 27, 2024 | 09:19 EDT
The company stated, "Francis Scott Key Bridge in Baltimore: Given the timing of yesterday's event in Baltimore and the temporary change in homeport, our guidance does not include the current estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income for the full year 2024."
CCL
Mar 27, 2024 | 09:15 EDT
Reports Q1 revenue $5.4B, consensus $5.43B. "This has been a fantastic start to the year. We delivered another strong quarter that outperformed guidance on every measure, while concluding a monumental wave season that achieved all-time high booking volumes at considerably higher prices," commented Carnival Corporation & plc's Chief Executive Officer Josh Weinstein. "These results are a continuation of the strong demand we have been generating across our brands and all core deployments, leading to an upward revision of full year expectations by more than a point of incremental yield improvement and setting us up nicely to deliver a nearly double-digit improvement in net yields," Weinstein added. "With much of this year on the books, we have even greater conviction in delivering record revenues and EBITDA, along with a step change improvement in operating performance, and have begun turning more of our attention to delivering an even stronger 2025," Weinstein noted.