Cruise company Norwegian Cruise Line (NYSE:NCLH) will be reporting results this Thursday before market open. Here’s what to expect.
Norwegian Cruise Line missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $2.13 billion, down 2.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and EBITDA guidance for next quarter slightly missing analysts’ expectations. It reported 5.79 million passenger cruise days, down 5.3% year on year.
Is Norwegian Cruise Line a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Norwegian Cruise Line’s revenue to grow 7.9% year on year to $2.56 billion, in line with the 7.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Norwegian Cruise Line has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Norwegian Cruise Line’s peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts’ expectations by 1.7%, and Delta reported flat revenue, topping estimates by 1.5%. Carnival traded up 5.9% following the results while Delta was also up 11.9%.
Read our full analysis of Carnival’s results here and Delta’s results here.
There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 7.5% on average over the last month. Norwegian Cruise Line is up 15.2% during the same time and is heading into earnings with an average analyst price target of $26.30 (compared to the current share price of $23.37).
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