Cruise company Norwegian Cruise Line (NYSE: NCLH) will be reporting results this Thursday before market open. Here’s what investors should know.
Norwegian Cruise Line missed analysts’ revenue expectations last quarter, reporting revenues of $2.33 billion, up 9.6% year on year. It was a slower quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations. It reported 6.63 million passenger cruise days, up 14.6% 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 grow 5% year on year, slowing from the 6.1% 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 Q2 results, giving us a hint as to what we can expect. Delta delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.9%, and Travel + Leisure reported revenues up 4.4%, topping estimates by 1.6%. Delta traded down 3.2% following the results while Travel + Leisure’s stock price was unchanged.
Read our full analysis of Delta’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 down 3.6% during the same time and is heading into earnings with an average analyst price target of $21.76 (compared to the current share price of $21.11).
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