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.
在即將到來的業績發佈前，美國銀行分析師對郵輪業的表現持樂觀態度，預測股價潛力上升。
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.
分析師們指出，正如瑞安航空在最近一份業績中所說，由於供應過剩和需求問題，美國航空公司正面臨定價挑戰。
"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.
“相較於航空公司具有更長的預訂期（9個月以上比3個月），並且供應動態不同，我們認爲郵輪更受保護，”安德魯·迪多拉（Andrew G. Didora，特許金融分析師）在週二發表的一份報告中寫道。
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.
專家認爲，在短期內收益風險極小，預計郵輪公司將在這個收益季繼續報道強勁的基本面，類似於嘉年華公司（NYSE:CCL）在6月底的穩健業績和增長指引。
Bank of America Raised Royal Caribbean, Norwegian Cruise Price Targets
美國銀行提高了皇家加勒比郵輪和挪威郵輪的目標股價。
Royal Caribbean Cruise Ltd. (NYSE:RCL) is set to announce its Q2 2024 earnings this Thursday, July 25.
皇家加勒比郵輪有限公司（NYSE:RCL）將於7月25日星期四公佈2024年第二季度的業績。
"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%.
“我們認爲在公佈結果之前，我們對皇家加勒比郵輪有合理的估計，”迪多拉說。美國銀行估計2024年第二季度淨收入率爲+11.0%，略高於+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.
考慮到郵輪業預期強勁的趨勢，美國銀行已將皇家加勒比郵輪有限公司的目標股價上調至172美元，保持中立評級。
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.
挪威郵輪控股公司（NYSE:NCLH）於5月底舉行了投資者日，美國銀行預計，7月31日的業績也將重點關注去槓桿化，保持單位成本低於通貨膨脹，並實現中個位數淨收益增長。
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).
美國銀行2024年全年估計的稅息折舊及攤銷前利潤爲23億美元（與街頭預期略高於22.5億美元），他們的2024年第二季度每股收益預計略高於指引的33美分，而指引爲32美分（街頭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.
對於2024年第三季度，他們預測淨收益爲+5.9%，高於街頭預期的+5.0%，每股收益預計爲94美分，而街頭預期爲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.
考慮到行業趨勢持續強勁，美國銀行已將股票目標價上調至23美元，同時保持中立評級。
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