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.
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).
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