Viking Holdings (VIK) shares rose 6.8% on April 17, closing at $85.8, following significant trading volume. This increase comes amid a broader 12.4% gain over the past month and is influenced by the recent drop in Brent crude prices, which fell 12% to below $84 per barrel after Iran announced the opening of the Strait of Hormuz.
The cruise operator anticipates a quarterly loss of $0.12 per share, representing a 50% year-over-year change, while revenues are projected at $974.7 million, marking an 8.7% increase compared to the same quarter last year. The company’s consensus EPS estimate has been revised marginally lower over the last 30 days, indicating a potential challenge for sustained share price appreciation.
In related news, United Parks & Resorts (PRKS) closed 0.4% higher at $36.07 and has increased by 11.2% over the past month. PRKS is expected to report an EPS of -$0.34, down 17.2% from the previous year.
