Free Post Earnings Research Report: Norwegian Cruise Achieved Record Quarterly Revenues and Earnings

Stock Monitor: Bluegreen Vacations Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) ("Norwegian"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NCLH. The Company reported its fourth quarter and full fiscal year 2017 operating and financial results on February 22, 2018. The cruise operator reported better than expected earnings, and also provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Bluegreen Vacations Corporation (NYSE: BXG), which also belongs to the Services sector as the Company Norwegian Cruise Line Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=BXG

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Norwegian Cruise Line Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=NCLH

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Norwegian's revenues increased 11.1% to $1.25 billion compared to $1.13 billion in Q4 2016. The Company's adjusted net revenues increased 12.6% to $969.7 million in the reported quarter compared to $861.6 million in the year ago same period. These increases were primarily attributed to the addition of Norwegian Joy to the fleet, along with a strong organic pricing growth across all core markets. Norwegian's revenue numbers met analysts' estimates of $1.25 billion.

For Q4 2017, Norwegian reported a GAAP net income of $98.8 million, or $0.43 per share, compared to a net income of $72.2 million, or $0.32 per share, in Q4 2016. The Company generated an adjusted net income of $156.8 million, or $0.68 per share, in Q4 2017 compared to $127.7 million, or $0.56 per share, in Q4 2016. Norwegian's earnings numbers beat Wall Street's estimates of $0.63 per share.

For the full fiscal year 2017, Norwegian's revenues increased 10.7% to $5.4 billion compared to $4.9 billion in FY16. The Company's net revenues advanced 11.2% to $4.2 billion compared to $3.8 billion in FY16. These increases were primarily attributed to a 6.0% increase in Capacity Days due to the delivery of Norwegian Joy in April 2017, Regent's Seven Seas Explorer in June 2016, and Oceania Cruises' Sirena in April 2016, and a strong organic pricing growth across all core markets.

For FY17, Norwegian reported a GAAP net income of $759.9 million, or $3.31 per share, compared to $633.1 million, or $2.78 per share, in FY16. The Company generated an adjusted net income of $907.7 million, or $3.96 per share, in FY17 compared to $776.3 million, or $3.41 per share, in FY16.

Operating Results

For Q4 2017, Norwegian's passenger ticket revenues grew 9.9% to $833.3 million on a y-o-y basis. The Company's revenues from onboard and other sources advanced 13.5% versus $416.3 million in the year ago comparable period.

During Q4 2017, Norwegian's gross yield grew 2.5% on a y-o-y basis, and adjusted net yield increased 3.9% on an as reported basis, driven by a strong close-in demand, coupled with a continuous strength in all onboard revenue streams.

For Q4 2017, Norwegian noted that an increase in Capacity Days along with an increase in marketing, general, and administrative expenses increased total cruise operating expenses by 8.4% on a y-o-y basis. The Company's Gross Cruise Costs per Capacity Day increased 1.2% on a y-o-y basis, while its adjusted Net Cruise Cost Excluding Fuel per Capacity Day grew 3.2% on an as reported basis.

Norwegian's fuel price per metric ton, net of hedges, increased to $460 in Q4 2017 from $459 in Q4 2016. The Company reported fuel expenses of $94.3 million in the reported period.

2018 Outlook

For FY18, Norwegian is forecasting adjusted earnings per share to be in the range of $4.45 to $4.65. The Company expects to grow earnings by at least 15% in FY18, reflecting an improvement of $0.59 over the prior year's results, based on the midpoint of the guidance.

Norwegian's adjusted net yield is expected to increase by approximately 2.75% on an as reported basis for FY18. The Company's adjusted net cruise cost, excluding fuel, is expected to be up 0.5% to 1.5% on an as reported basis, primarily due to an increase in dry dock days versus FY17.

For Q1 2018, Norwegian is estimating adjusted net yield to grow approximately 0.5% or 1.25% on an as reported basis. Excluding new tonnage introduced for the Norwegian brand, which is dilutive to the Company's corporate average yield, adjusted net yield is expected to be up by 3.5%.

For Q1 2018, Norwegian's adjusted net cruise cost, excluding fuel, is expected to be down by approximately 1.75% on an as reported basis, primarily due to the timing of dry docks with 2 scheduled dry docks occurring in the upcoming quarter compared to 5 scheduled dry docks occurring in the prior year's same quarter. The Company is anticipating fuel price per metric ton, net of hedges, to be $450, with expected consumption of approximately 205,000 metric tons. Taking all of this into account, Norwegian's adjusted earnings is expected to be approximately $0.52 for Q1 2018.

Stock Performance Snapshot

April 04, 2018 - At Wednesday's closing bell, Norwegian Cruise Line's stock climbed 1.24%, ending the trading session at $53.04.

Volume traded for the day: 1.36 million shares.

Stock performance in the past twelve-month period – up 5.68%

After yesterday's close, Norwegian Cruise Line's market cap was at $11.77 billion.

Price to Earnings (P/E) ratio was at 16.19.

The stock is part of the Services sector, categorized under the Resorts & Casinos industry. This sector was up 1.0% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors