Of 20 analysts covering Norwegian Cruise Lines stock, 12 have a rating of Buy or Strong Buy and the rest have Hold ratings. At a share price of around $16.70, the stock has outrun its median price target of $16.00. At the high target of $35.00, the implied gain is about 109.6%.
Third-quarter revenue is forecast to come in at $1.58 billion, up 33% sequentially and up from $153.08 million in the year-ago quarter. Analysts expect the company to post a per-share loss of $0.69, smaller than the prior quarter’s loss of $1.14 per share and lower than the year-ago quarterly loss of $2.17. For the full year, Norwegian is expected to post a loss per share of $4.40, compared to last year’s loss of $8.07 per share. Revenue is forecast to reach $4.73 billion, up more than 600% from $647.99 million in 2021.
Norwegian stock trades at about 12.1 times estimated 2023 earnings of $1.37 and 8.3 times estimated 2024 earnings of $2.01 per share. Norwegian is not expected to post a profit this year. The stock’s 52-week range is $10.31 to $29.45, and the company does not pay a dividend. Total shareholder return for the past year was negative 35%.
Paramount Global
Media giant Paramount Global (NASDAQ: PARA) has dropped more than 50% from its share price over the past 12 months. Three weeks ago, David Nivens, the head of the company’s scripted originals business (including Showtime), left the company and his role has not been filled. Exactly how the Paramount+ streaming business will look going forward has not been revealed, but some layoffs are expected. A persistent rumor has Showtime being absorbed by Paramount+.
Analysts have adopted a wait-and-see attitude on the stock. Of 28 brokerages covering the company, 13 have Hold ratings, eight have Sell or Strong Sell ratings and just seven have Buy or Strong Buy ratings. At a price of around $18.10 a share, the upside potential to the median price target of $24.00 is about 32.6%. At the high price target of $58.00, the upside potential is 220%.
Paramount is expected to post third-quarter revenue of $7.11 billion, down 8.7% sequentially but 7.6% higher year over year. Adjusted EPS are forecast at $0.49, down 23.4% sequentially and by 35.5% year over year. For the full 2022 fiscal year, analysts are looking for EPS of $2.31, down 33.7% year over year, on revenue of $30.63 billion, up 7.2%.
The stock trades at about 7.9 times expected 2022 EPS, 10.4 times estimated 2023 earnings of $1.76 and 8.1 times estimated 2024 earnings of $2.26 per share. Paramount’s 52-week range is $17.93 to $39.21. The company pays an annual dividend of $0.96 (yield of 5.05%). Total shareholder return for the past 12 months was negative 48.2%.
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