Core Insights - Viking Holdings (VIK) has consistently beaten earnings estimates, particularly in the last two quarters with an average surprise of 8.69% [1] - For the most recent quarter, Viking reported earnings of $0.89 per share against an expectation of $0.83, resulting in a surprise of 7.23% [2] - The previous quarter also saw a positive surprise, with actual earnings of $0.76 per share compared to an estimate of $0.69, yielding a surprise of 10.14% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Viking, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests that another earnings beat is likely [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5] - A positive Earnings ESP indicates that analysts have recently become more optimistic about the company's earnings prospects [6] - A negative Earnings ESP can reduce the predictive power of the metric, but does not necessarily indicate an earnings miss [6]

Core Viewpoint - Goldman Sachs analyst Lizzie Dove initiated coverage on Viking Holdings Ltd with a Neutral rating and a price forecast of $49, highlighting the company's strong business model and revenue growth potential due to demographic trends and category expansion [1] Group 1: Business Model and Demographics - Viking Holdings has a high exposure to a growing demographic that books ahead at higher prices, which enhances its revenue growth [1] - The core demographic for Viking Holdings consists mainly of affluent US travelers aged 55 and older, representing about 30% of the population but over 70% of the wealth [3] Group 2: Market Position and Competition - The stock has risen 73% since its IPO in May 2024, leading the analyst to seek a better entry point due to its valuation premium compared to Royal Caribbean Cruises Ltd [2] - Viking Holdings has less new-to-cruise customers compared to its peers, which have seen double-digit growth in this segment, particularly among millennials and younger travelers [4] Group 3: Booking Visibility and Financial Strategy - Viking Holdings has high booking visibility, with 70% of bookings for 2025 already secured, indicating less potential for near-term estimate revisions and share repurchases [2] - Despite a strong pipeline of potential cruisers, the company may miss out on the new-to-cruise growth that has benefited the broader industry [4]

Group 1 - Viking Holdings (NYSE: VIK) has shown strong performance despite macroeconomic challenges, with forward booking metrics indicating solid growth potential ahead [1] - The author maintains a buy rating on Viking Holdings, reflecting confidence in the company's future performance [1] Group 2 - The author emphasizes a diverse investment approach, incorporating fundamental, technical, and momentum investing strategies to enhance the investment process [1]

Core Insights - Viking Holdings (VIK) is highlighted as an exciting investment opportunity, with expert analysts providing insights into market trends and potential investment avenues [1] Company Overview - The stock price referenced is from October 16, 2024, indicating a specific timeframe for the analysis [1] - The video discussing Viking Holdings was published on November 28, 2024, suggesting that the insights are relatively recent and relevant [1]

Regulatory Suspension - Avila Energy Corporation is suspended effective immediately under CSE Policy 3, categorized as a Regulatory Halt as per National Instrument 23-101 Trading Rules [1][3] - A cease trade order has been issued by the Alberta Securities Commission [1][3] Additional Information - For further details regarding Cease Trade Orders, stakeholders are directed to the Canadian Securities Administrators Cease Trade Order database [2][4]

Core Insights - Viking Holdings reported third-quarter revenue of $1.68 billion and net income of $374.8 million, surpassing analysts' expectations [1][2] - The company achieved a profit turnaround from a loss of $1.24 billion in the same quarter last year [1][2] - JPMorgan analysts raised their price target for Viking Holdings to $50, citing strong booking data for 2025 [3] Financial Performance - Revenue for the third quarter was $1.68 billion, exceeding the consensus estimate [2] - Net income was $374.8 million, or $0.86 per share, compared to a loss of $1.24 billion, or $3.02 per share, from the previous year [2] - The occupancy rate for the third quarter was reported at 94.0%, a slight decline from 94.9% year-over-year and below the expected 95.4% [2] Analyst Sentiment - JPMorgan maintained an "overweight" rating for Viking Holdings, reflecting confidence in the company's future performance [3] - The firm noted that 70% of Viking's capacity for 2025 has already been sold at a 7% higher pricing compared to previous years [3] - Despite a slight dip in share price to $44.93, Viking's stock has increased by 72% since its IPO on May 1 [3]

Financial Data and Key Metrics Changes - The company reported total revenue of almost $1.7 billion for Q3 2024, an increase of 11.4% year-over-year, primarily due to higher revenue per passenger cruise day (PCD) [17] - Adjusted gross margin rose 12% year-over-year to $1.1 billion, resulting in a net yield of $576, which is 11% higher than Q3 2023 [17] - Net income for Q3 2024 was $375 million, a significant recovery from a loss of $1.2 billion in the same period of 2023 [18] - Adjusted EBITDA for Q3 totaled $554 million, improving by more than $73 million compared to the previous year, with an adjusted EBITDA margin of 50.4% [17][18] Business Line Data and Key Metrics Changes - In the River segment, adjusted gross margin grew 12.1% year-to-date to $1.2 billion, with a net yield of $546, up more than 13% year-over-year [19] - For the Ocean segment, adjusted gross margin increased 11.7% year-over-year to $1.2 billion, with a net yield of $533, up 4% compared to the previous year [19] Market Data and Key Metrics Changes - The company achieved 95% of its 2024 capacity booked as of November 3, 2024, with advanced bookings totaling $4.6 billion, which is 14% higher than the same point in 2023 [22] - For 2025, 70% of capacity is already booked, with advanced bookings of $4.3 billion, representing a 26% increase compared to the same time in 2024 [23] Company Strategy and Development Direction - The company aims to capitalize on its well-defined product offerings, focusing on a demographic of older travelers seeking high-quality experiences [33] - The company is expanding its presence in Asia, particularly in China, with tailored experiences for English-speaking guests and culturally rich itineraries [14][19] - The company is committed to maintaining a strong cash reserve for stability and flexibility, while also considering future acquisitions that align with its brand ethos [63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the booking trends and demand, noting that the company is on track with its long-term plans despite some external challenges [30][56] - The management highlighted the importance of brand loyalty and customer satisfaction, which are driving repeat bookings and strong demand for new product launches [11][12] Other Important Information - The company completed a secondary offering of 34.5 million shares at a price of $31 per share, slightly changing the ownership composition and increasing institutional floats [15] - The company has a strong balance sheet with total cash and cash equivalents of $2.4 billion and an undrawn revolver facility of $375 million as of September 30, 2024 [20] Q&A Session Summary Question: Any notable changes in forward demand indicators with the consumer backdrop today? - Management indicated that there are no surprises and that the company is following its solid long-term plan [30][33] Question: How do you view your optimal booked position for 2025? - Management acknowledged that the current booking position is accelerated compared to pre-COVID levels, and normalization is expected moving forward [40][41] Question: What is the impact of Egypt on 2025 yields and occupancy? - Management noted that while Egypt is a small portion of total capacity, it garners strong demand and yields, contributing positively to the overall portfolio [50][52] Question: Can you elaborate on the potential cost pressure from airlines? - Management confirmed that a significant portion of guests book airfare through the company, and yields will reflect any cost changes [58] Question: What are the plans for capital allocation and potential return of capital to shareholders? - Management emphasized a balanced capital allocation framework, focusing on reinvestment in the business and potential future returns to shareholders [63][64]

0 Q3 2024 Earnings Presentation November 19, 2024 Disclaimers and additional information Non-IFRS Financial Measures We use certain non-IFRS financial measures, such as Adjusted Gross Margin, Net Yield, Adjusted EPS and Adjusted EBITDA, to analyze our performance. We present Adjusted EBITDA as a performance measure because we believe it facilitates a comparison of our consolidated operating performance on a consistent basis from period-to-period and provides for a more complete understanding of factors and ...

Travel company Viking Holdings Ltd (NYSE:VIK) will report earnings before the open tomorrow, Nov. 19. The stock, which has only been publicly traded since May 1, 2024, finished its last two post-earnings sessions lower, including an 8.8% drop this past August. This time around, the options pits are pricing in a slightly larger next-day swing of 9.3%, regardless of direction. Options traders are targeting VIK ahead of the event. So far, 2,314 calls and 1,588 puts have crossed the tape, which is already 8 tim ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-42039 Viking Holdings Ltd (Translation of registrant's name into English) 94 Pitts Bay Road Pembroke, Bermuda HM 08 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of ...