Cruise company Norwegian Cruise Line (NYSE: NCLH) will be reporting results this Thursday before the bell. Here’s what you need to know.
Norwegian Cruise Line met analysts’ revenue expectations last quarter, reporting revenues of $2.64 billion, up 4.9% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but EBITDA guidance for next quarter slightly missing analysts’ expectations. It reported 6.75 million passenger cruise days, up 7.3% year on year.
Is Norwegian Cruise Line a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Norwegian Cruise Line’s revenue to decline 2% year on year, a reversal from the 4.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Norwegian Cruise Line has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Norwegian Cruise Line’s peers in the consumer discretionary - travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Wyndham delivered year-on-year revenue growth of 7.3%, meeting analysts’ expectations, and Travel + Leisure reported revenues up 5.5%, topping estimates by 1%. Wyndham traded down 4.2% following the results.
Read our full analysis of Wyndham’s results here and Travel + Leisure’s results here.
Investors in the consumer discretionary - travel and vacation providers segment have had steady hands going into earnings, with share prices flat over the last month. Norwegian Cruise Line is up 10.2% during the same time and is heading into earnings with an average analyst price target of $18.63 (compared to the current share price of $15.75).
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