Cruise operator Viking Holdings beats Q2 revenue estimates, helped by bigger fleet

The company attributed growth to increased fleet size and higher revenue per cruise day.

• Fleet expansion - revenue growth was mainly driven by increased Capacity Passenger Cruise Days from fleet growth.
• Higher revenue per cruise day - higher revenue per Capacity Passenger Cruise Day contributed to second-quarter revenue growth.
• New land extensions and shore excursions - the introduction of new land extensions and shore excursions generated additional revenue opportunities.

The current average analyst rating on the shares is buy, with 18 strong buy or buy, 2 hold and 1 sell or strong sell.

The average consensus recommendation for the leisure and recreation peer group is buy.

Wall Street's median 12-month price target for Viking Holdings Ltd is $108.00, about 9.9% above its Aug. 18 closing price of $98.29.

The stock recently traded at 24 times the next 12-month earnings versus a P/E of 23 three months ago.