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April 29, 2014
06:23 EDTNCLHNorwegian Cruise Line reports Q1 adjusted EPS 23c, consensus 22c
Reports Q1 revenue $664.03M, consensus $683.28M
News For NCLH From The Last 14 Days
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November 25, 2015
10:59 EDTNCLHHSBC sees Carnival revenue yield topping guidance, starts at buy
HSBC initiated coverage of cruise operator Carnival (CCL) with a Buy rating, saying that the company's net revenue yield should surpass its guidance. WHAT'S NEW: Increases in Carnival's on-board revenue, combined with its greater price discipline, should enable the cruise operator's net revenue yield to beat expectations going forward, according to HSBC analyst Lena Thakkar. Other factors that should help the company's net revenue yield grow faster than that of its peers include its expansion in China, its major marketing push and new destinations it has added, according to Thakkar. Moreover, Carnival can reduce its costs that are currently "uncoordinated," including flights and hotels for its crews and its port costs, Thakkar believes. The cruise operator may beat its guidance for a "slight increase" in its costs next year, predicted the analyst, who set a $60 price target on the shares. OTHERS TO WATCH: Other prominent cruise operators include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH). PRICE ACTION: In late morning trading, Carnival rose 1.4% to $51.09.

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