Entered the year at all-time high booked position and pricing for 2024 voyages. Net Yield is expected to increase approximately 5.5% as-reported and approximately 5.4% in Constant Currency versus 2023. In 2024 Adjusted Net Cruise Costs Excluding Fuel per Capacity Day is expected to be $159, increasing 3.4% in Constant Currency, which includes an approximately 325 basis points impact of increased Dry-dock days and related costs in the year. Excluding this, Adjusted Net Cruise Cost Excluding Fuel per Capacity Day would be essentially flat year-over-year. Adjusted EBITDA is expected to be approximately $2.2 billion, Adjusted Net Income is expected to be approximately $635 million, and Adjusted EPS is expected to be approximately $1.23, an increase of 76% over 2023 results. This Adjusted EPS takes into consideration ~516 million dilutive shares, reflecting the expected accounting treatment of our exchangeable notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NCLH:
- Norwegian Cruise Line Holdings Reports Strong Fourth Quarter and Full Year 2023 Financial Results
- Norwegian Cruise Line (NYSE:NCLH) Ship Denied Docking amid Cholera Fears
- NCLH Upcoming Earnings Report: What to Expect?
- Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
- Norwegian Cruise Line price target lowered to $19 from $23 at Citi