Keep an eye on cruise stocks like Norwegian Cruise Line (NCLH).
According to Reuters, travelers have been booking cruises for 2024 at “greater volumes” than even before the pandemic. About 35.7 million consumers are expected to cruise this year alone, up from 31.5 million in 2023. 
Norwegian Cruise Line’s CFO, Mark Kempa says the company was “more fully booked” than ever before. NCLH earnings and guidance have also been strong.
While its EPS loss of 18 cents missed by four cents, revenues – up about 31% year over year to $1.99 billion – beat by $30 million. Better, the company sees 2024 EPS of $1.23, as compared to estimates for $1.21. It sees adjusted EBITDA of $2.2 billion as compared to estimates for $2.1 billion. And it now sees a profit in the first quarter, instead of a loss.
Mizuho analysts also initiated coverage with an underperform rating with a $21 price target.
