Financial News
Lindblad Expeditions (LIND) Reports Earnings Tomorrow: What To Expect
Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be announcing earnings results tomorrow before market open. Here’s what to look for.
Lindblad Expeditions met analysts’ revenue expectations last quarter, reporting revenues of $136.5 million, up 9.4% year on year. It was a slower quarter for the company, with a miss of analysts’ operating margin and earnings estimates.
Is Lindblad Expeditions a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lindblad Expeditions’s revenue to grow 10.1% year on year to $193.7 million, slowing from the 21.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 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. Lindblad Expeditions has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 9.5% on average.
Looking at Lindblad Expeditions’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 Norwegian Cruise Line reported revenues up 10.7%, topping estimates by 1.4%. American Airlines traded up 2.5% following the results while Norwegian Cruise Line was also up 4.3%.
Read our full analysis of American Airlines’s results here and Norwegian Cruise Line’s results here.
Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Lindblad Expeditions is up 1.4% during the same time and is heading into earnings with an average analyst price target of $13.25 (compared to the current share price of $9.45).
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