Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'
Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'
Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting potential stock price increases.
在即将到来的财报发布前，美国银行分析师对邮轮业的表现持乐观态度，预测股价潜力上升。
The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report.
分析师们指出，正如瑞安航空在最近一份财报中所说，由于供应过剩和需求问题，美国航空公司正面临定价挑战。
"We view cruise as more insulated from the airline trends given longer booking curves (9+ months vs 3 months) and different supply dynamics," Andrew G. Didora, CFA, wrote in a note published Tuesday.
“相较于航空公司具有更长的预订期（9个月以上比3个月），并且供应动态不同，我们认为邮轮更受保护，”安德鲁·迪多拉（Andrew G. Didora，特许金融分析师）在周二发表的一份报告中写道。
The expert sees minimal risk to near-term earnings and expects cruise companies to continue reporting strong fundamentals this earnings season, similar to Carnival Corp.'s (NYSE:CCL) recent solid results and raised guidance at the end of June.
专家认为，在短期内收益风险极小，预计邮轮公司将在这个收益季继续报道强劲的基本面，类似于嘉年华公司（NYSE:CCL）在6月底的稳健业绩和增长指引。
Bank of America Raised Royal Caribbean, Norwegian Cruise Price Targets
美国银行提高了皇家加勒比邮轮和挪威邮轮的目标股价。
Royal Caribbean Cruise Ltd. (NYSE:RCL) is set to announce its Q2 2024 earnings this Thursday, July 25.
皇家加勒比邮轮有限公司（NYSE:RCL）将于7月25日星期四公布2024年第二季度的财报。
"We believe our current RCL estimates are reasonable ahead of results," Didora said. Bank of America estimates a net yield of +11.0% in Q2 2024, slightly above the high end of guidance at +10-10.5%.
“我们认为在公布结果之前，我们对皇家加勒比邮轮有合理的估计，”迪多拉说。美国银行估计2024年第二季度净收入率为+11.0%，略高于+10-10.5%的高端指引。
Given the strong trends anticipated in the cruise sector, Bank of America has raised the price objective for Royal Caribbean Cruise Ltd. to $172, while maintaining a Neutral rating.
考虑到邮轮业预期强劲的趋势，美国银行已将皇家加勒比邮轮有限公司的目标股价上调至172美元，保持中立评级。
Norwegian Cruise Line Holdings (NYSE:NCLH) hosted an investor day at the end of May, and Bank of America anticipates similar messaging in the July 31 earnings call: focusing on deleveraging, keeping unit costs below inflation, and achieving mid-single digit net yield growth.
挪威邮轮控股公司（NYSE:NCLH）于5月底举行了投资者日，美国银行预计，7月31日的财报也将重点关注去杠杆化，保持单位成本低于通货膨胀，并实现中个位数净收益增长。
Bank of America's full-year 2024 estimated EBITDA is $2.3 billion (aligning with the Street and slightly above the guidance of $2.25 billion), with their Q2 2024 EPS estimate slightly ahead of guidance at 33 cents compared to the guidance of 32 cents (Street 34 cents).
美国银行2024年全年估计的税息折旧及摊销前利润为23亿美元（与街头预期略高于22.5亿美元），他们的2024年第二季度每股收益预计略高于指引的33美分，而指引为32美分（街头34美分）。
For Q3 2024, they forecast net yields of +5.9% versus the Street's +5%, with EPS of 94 cents compared to the Street's 90 cents.
对于2024年第三季度，他们预测净收益为+5.9%，高于街头预期的+5.0%，每股收益预计为94美分，而街头预期为90美分。
Bank of America has raised the price objective to $23 as they increase their target multiple, reflecting the continued strong industry trends, while maintaining a Neutral rating.
考虑到行业趋势持续强劲，美国银行已将股票目标价上调至23美元，同时保持中立评级。
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