The Zacks Analyst Blog Viking

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For Immediate Releases

Chicago, IL – January 2, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Viking Holdings Ltd VIK.

Here are highlights from Thursday’s Analyst Blog:

Viking Holdings Ltd is cashing in on the demand for travel experiences. This Zacks Rank #1 (Strong Buy) is expected to grow its revenue by 17.7% in 2025.

Viking is a travel company that operates cruises on rivers, oceans, and lakes around the world. Founded in 1997, its journeys are designed for curious travelers with interests in science, history, culture, and cuisine. If offers experiences for “The Thinking Person” and is best known for its advertisements on America’s PBS stations.

Viking Announces 10 New Ocean Itineraries for 2026 and 2027

On Dec 18, 2024, Viking announced 10 new ocean itineraries for 2026 and 2027 that are available for booking.

The cruises range from 8 to 22 days on its small ocean ships which do not allow children and do not have casinos.

These itineraries are adding 12 additional recurring ports that are new for the Viking Ocean voyages.

Viking Beats on Earnings for the Third Quarter in a Row

On Nov 19, 2024, Viking reported its third quarter 2024 results and beat on the Zacks Consensus by $0.06. It reported $0.89 versus the Zacks Consensus of $0.83.

It was the third consecutive earnings beat in a row. Viking only went public on May 1, 2024 so it has a tiny earnings surprise track record.

Revenue rose 11.4% to $171.9 million compared to the third quarter of 2023.

Adjusted gross margin rose 12% year-over-year, resulting in a Net Yield of $576. Net Yield was up 11% year-over-year.

As of Nov 3, 2024, for its Core Products, Viking had already sold 95% of its 2024 season Capacity Passenger Cruise Days. It’s marketing team was therefore already focusing on 2025.

However, it had already sold 70% of the 2025 season as well. Volume and rates for 2025 exceeded those for the 2024 season at the same point in time.

Viking had $4,633 million of Advance Bookings for the 2024 season, 14% higher than the 2023 season at the same point in time. It also had $4,329 million of Advance Bookings for the 2025 season, 26% higher than the 2024 season at the same point in time.

The Fleet is Expanding

On Dec 3, 2024, Viking announced it had taken delivery of its newest ocean ship, the Viking Vela. It has 499 staterooms for 998 passengers. In her first cruise season, the Viking Vela will sail itineraries in the Mediterranean and Northern Europe.