Financial News

Norwegian Cruise Line Earnings: What To Look For From NCLH

NCLH Cover Image

Cruise company Norwegian Cruise Line (NYSE:NCLH) will be reporting results tomorrow before the bell. Here’s what investors should know.

Norwegian Cruise Line met analysts’ revenue expectations last quarter, reporting revenues of $2.37 billion, up 7.6% year on year. It was a strong quarter for the company, with optimistic earnings guidance for the full 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 9.1% year on year to $2.77 billion, slowing from the 57% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.94 per share.

Norwegian Cruise Line Total Revenue

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 twice over the last two years.

Looking at Norwegian Cruise Line’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Airlines delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Carnival reported revenues up 15.2%, in line with consensus estimates. American Airlines traded up 2.5% following the results while Carnival was down 2.8%.

Read our full analysis of American Airlines’s results here and Carnival’s results here.

Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Norwegian Cruise Line is up 21.4% during the same time and is heading into earnings with an average analyst price target of $25.29 (compared to the current share price of $24.18).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback