Latest news with #VIK
Yahoo
28-05-2025
- Business
- Yahoo
Viking Q1 Loss Narrower-Than-Expected, Revenues Beat Estimates
Viking Holdings (VIK) incurred a loss of 24 cents per share in the first quarter of 2025 compared with the Zacks Consensus Estimate of a loss of 26 cents per share. Loss per share was 3 cents in the first quarter of 2024. Total revenues of $897.1 million surpassed the Zacks Consensus Estimate by 4.49% and improved 24.9% on a year-over-year basis. The upside was driven by increased Capacity Passenger Cruise Days (capacity PCDs) and higher revenue per PCD in 2025 compared to 2024. Viking Holdings Ltd. price-consensus-eps-surprise-chart | Viking Holdings Ltd. Quote Adjusted EBITDA was $72.8 million, an increase of $77.3 million from the first quarter of 2024. The uptick in adjusted EBITDA was owing to the increased capacity of PCDs and higher revenue per PCD. Adjusted gross margin grew 23.8% from the year-ago quarter. During the first quarter of 2025, capacity PCDs improved 14.9% year over year owing to the addition of two new river vessels and a new ocean ship delivered in 2024. Torstein Hagen, chairman and chief executive officer of Viking, stated, "Viking is off to a remarkable start in 2025, with our first quarter financial performance underscoring the continued momentum in our business. During the quarter, we increased capacity by 14.9% and simultaneously delivered a 7.1% growth in Net Yield – clear indicators of the robust demand for meaningful and enriching travel experiences among our core demographic. We are also delighted to have already booked 92% of our capacity for the 2025 season. Looking ahead, we remain firmly focused on generating demand and delivering best-in-class differentiated products through our one Viking brand, which will advance our long-term strategy of thoughtful, sustainable growth." Vessel operating expenses increased 10.2% year over year, and vessel operating expenses, excluding fuel, increased 12.2% year over year, owing to the increase in the size of the company's fleet in 2025 compared to 2024. VIK's first-quarter results reflect the seasonality of its business. While VIK's ocean, expedition and Mississippi products operate year-round, the primary cruising season for VIK's river product is from April to October. As of March 31, 2025, VIK had $2.8 billion in cash and cash equivalents and an undrawn revolver facility of $375.0 million. The company's net debt was $2.9 billion. Currently, VIK carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Norwegian Cruise Line Holdings reported first-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both top and bottom lines decreased on a year-over-year basis. Results in the quarter were hurt by a 2% decline in Capacity Days, stemming from a higher number of Berths out of service due to larger ships undergoing dry-dock, as well as a strategic move to reduce passenger air participation rates. For 2025, Norwegian Cruise anticipates occupancy to be approximately 102.5% compared with the prior guidance of 103.4% and Capacity Days to be about 24.545 million. Caesars Entertainment, reported mixed first-quarter 2025 results, with earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Nonetheless, both top and bottom lines improved on a year-over-year basis. Caesars Entertainment's first-quarter performance was driven by record results in the Digital segment. Growth in the regional segment, supported by recently opened properties, and solid performance in Las Vegas, despite a tough comparison to last year's Super Bowl period, also aided the quarter's performance. 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 Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report Viking Holdings Ltd. (VIK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
27-05-2025
- Business
- Yahoo
Here's Why Viking Holdings (VIK) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. Viking Holdings Ltd, which went public in May 2024, is headquartered in Pembroke, Bermuda. The initial public offering of Viking Holdings was a successful one, raising $1.54 billion at around $24 per share. The new investment into the company was $245.5 million, accounting for 16% of the total funds raised. The company focuses on passenger shipping and other forms of passenger transport in North America, the United Kingdom and internationally. Viking targets English-speaking travelers aged above 55 years. The company's cruises do not allow guests under 18 years old. VIK sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is down 7% and up 5.5% over the past one-week and four-week period, respectively, and Viking Holdings has gained 47.5% in the last one-year period as well. Additionally, an average of 2,370,881 shares were traded over the last 20 trading sessions. Momentum investors also pay close attention to a company's earnings. For VIK, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.39 per share for 2025. VIK boasts an average earnings surprise of 12.5%. Investors should take the time to consider VIK for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores. 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 Viking Holdings Ltd. (VIK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
21-05-2025
- Business
- Yahoo
Viking's Revenue Explodes 750%--So Why Did the Stock Just Sink?
Viking Holdings (NYSE:VIK) growth looks explosiveon paper. Revenue soared from $625 million in 2021 to over $5.3 billion in 2024, compounding at a jaw-dropping 104.3% CAGR. That's not just outpacing the cruise industryit's lapping it. The company's first quarter as a public entity didn't disappoint either: a narrower-than-expected loss, top-line beat, and bullish signals on net yield and capacity. Viking Holdings is riding a travel renaissance, with its founder-CEO calling it robust demand for enriching travel experiences. But Wall Street wasn't cheering. Warning! GuruFocus has detected 1 Warning Sign with VIK. Despite the strength, Viking stock dropped over 5% after the report. Why? Investors zoomed in on bookingsand didn't love what they saw. Advance bookings for 2026 are tracking only 4% higher than 2025, a steep drop from the 12% jump a year earlier. Pricing tends to start high and slide, and analysts warn that this +4% growth may already be near peak. Add in the lack of concrete financial guidance and some vague management commentary, and you've got a recipe for investor hesitationeven in a red-hot sector. From the chart, Viking's revenue is skyrocketing, but profitability isn't yet following suit. Net income remains in the red, though losses are narrowing, and EBITDAafter dipping in 2023is starting to climb again in 2024. The trend? Strong top-line growth, improving margins, but still a ways to go before bottom-line strength kicks in. If Viking can translate its surging sales into sustained profits, this could be one of the most interesting long-term plays in travel. This article first appeared on GuruFocus.
Yahoo
21-05-2025
- Business
- Yahoo
Viking's Revenue Explodes 750%--So Why Did the Stock Just Sink?
Viking Holdings (NYSE:VIK) growth looks explosiveon paper. Revenue soared from $625 million in 2021 to over $5.3 billion in 2024, compounding at a jaw-dropping 104.3% CAGR. That's not just outpacing the cruise industryit's lapping it. The company's first quarter as a public entity didn't disappoint either: a narrower-than-expected loss, top-line beat, and bullish signals on net yield and capacity. Viking Holdings is riding a travel renaissance, with its founder-CEO calling it robust demand for enriching travel experiences. But Wall Street wasn't cheering. Warning! GuruFocus has detected 1 Warning Sign with VIK. Despite the strength, Viking stock dropped over 5% after the report. Why? Investors zoomed in on bookingsand didn't love what they saw. Advance bookings for 2026 are tracking only 4% higher than 2025, a steep drop from the 12% jump a year earlier. Pricing tends to start high and slide, and analysts warn that this +4% growth may already be near peak. Add in the lack of concrete financial guidance and some vague management commentary, and you've got a recipe for investor hesitationeven in a red-hot sector. From the chart, Viking's revenue is skyrocketing, but profitability isn't yet following suit. Net income remains in the red, though losses are narrowing, and EBITDAafter dipping in 2023is starting to climb again in 2024. The trend? Strong top-line growth, improving margins, but still a ways to go before bottom-line strength kicks in. If Viking can translate its surging sales into sustained profits, this could be one of the most interesting long-term plays in travel. This article first appeared on GuruFocus. 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
Washington Post
20-05-2025
- Business
- Washington Post
Viking: Q1 Earnings Snapshot
PEMBROKE, Bermuda — PEMBROKE, Bermuda — Viking Holdings Ltd. (VIK) on Tuesday reported a loss of $105.5 million in its first quarter. The Pembroke, Bermuda-based company said it had a loss of 24 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
