Enterprise Products Partners LP
Change company Symbol lookup
Select an option...
EPD Enterprise Products Partners LP
STLB Sterling Business Solutions Inc
CITY Avalon Correctional Services Inc
TEVJF Teva Pharmaceutical Industries Ltd
UMBF UMB Financial Corp
OXM Oxford Industries Inc
ICON Iconix Brand Group Inc
BAC Bank of America Corp
ON ON Semiconductor Corp
EQNR Equinor ASA
Go

Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

Premarket

Last Trade
Delayed
$19.30
0.62 (3.32%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$18.68
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
12,700

10-day average volume:
9,023,221
12,700

Norwegian Cruise Line (NCLH) Reports Q1 Loss, Lags Revenue Estimates

7:25 am ET May 14, 2020 (Zacks) Print

Norwegian Cruise Line (NCLH) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.52. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -90.38%. A quarter ago, it was expected that this cruise operator would post earnings of $0.70 per share when it actually produced earnings of $0.73, delivering a surprise of 4.29%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Norwegian Cruise Line, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $1.25 billion for the quarter ended March 2020, missing the Zacks Consensus Estimate by 2.45%. This compares to year-ago revenues of $1.40 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Norwegian Cruise Line shares have lost about 82.4% since the beginning of the year versus the S&P 500's decline of -12.7%.

What's Next for Norwegian Cruise Line?

While Norwegian Cruise Line has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Norwegian Cruise Line was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.30 on $809.86 million in revenues for the coming quarter and -$4.78 on $4.16 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the top 48% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.