Norway Survey Shows Firm Activity, Backing Autumn Rate Cut Plan
A key survey of Norway's business sentiment showed companies expect growth to remain stable this quarter and the next, largely backing the case for monetary easing later this year.
Output is forecast to rise 0.4% in the third quarter after a similar expansion in the April-to-June period, Norges Bank said in a statement on Thursday, citing its regional network contacts. The estimate for the current quarter matched projections in the previous survey.
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The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Norwegian Cruise Line Holdings (NYSE:NCLH). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Norwegian Cruise Line Holdings has undergone a massive growth in earnings per share over the last three years. So much so that this three year growth rate wouldn't be a fair assessment of the company's future. As a result, we'll zoom in on growth over the last year, instead. Impressively, Norwegian Cruise Line Holdings' EPS catapulted from US$0.81 to US$1.91, over the last year. It's not often a company can achieve year-on-year growth of 137%. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. The music to the ears of Norwegian Cruise Line Holdings shareholders is that EBIT margins have grown from 13% to 15% in the last 12 months and revenues are on an upwards trend as well. Both of which are great metrics to check off for potential growth. You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart. View our latest analysis for Norwegian Cruise Line Holdings Fortunately, we've got access to analyst forecasts of Norwegian Cruise Line Holdings' future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. We would not expect to see insiders owning a large percentage of a US$8.4b company like Norwegian Cruise Line Holdings. But we do take comfort from the fact that they are investors in the company. Holding US$59m worth of stock in the company is no laughing matter and insiders will be committed in delivering the best outcomes for shareholders. This should keep them focused on creating long term value for shareholders. Norwegian Cruise Line Holdings' earnings have taken off in quite an impressive fashion. That sort of growth is nothing short of eye-catching, and the large investment held by insiders should certainly brighten the view of the company. The hope is, of course, that the strong growth marks a fundamental improvement in the business economics. So at the surface level, Norwegian Cruise Line Holdings is worth putting on your watchlist; after all, shareholders do well when the market underestimates fast growing companies. We should say that we've discovered 1 warning sign for Norwegian Cruise Line Holdings that you should be aware of before investing here. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
