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Norwegian Cruise Line (NCLH) Beats on Earnings in Q2

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Norwegian Cruise Line (NCLH) Beats on Earnings in Q2

Higher passenger ticket revenues buoy Norwegian Cruise Line's (NCLH) second-quarter results.

Norwegian Cruise Line Holdings Ltd.’s NCLH second-quarter 2018 adjusted earnings per share of $1.21, beat the Zacks Consensus Estimate of $1.03. Earnings also increased on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for Norwegian Cruise Line depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being stagnant over the last 60 days

Nonetheless, Norwegian Cruise Line has an impressive earnings surprise history. Even before posting the earnings beat in the fourth-quarter, the company delivered positive surprises in each of the trailing four quarters. The average earnings beat was 6.6%.

Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise

 

Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise | Norwegian Cruise Line Holdings Ltd. Quote

 

Revenues Higher Than Expected

Norwegian Cruise Line recorded revenues of $1,522.2 million, which surpassed the Zacks Consensus Estimate of $1,506.7 million. Revenues also increased on a year-over-year basis.

Key Data: Norwegian Cruise Line expects earnings per share (excluding special items) of approximately $2.20 in the third quarter of 2018. The Zacks Consensus Estimate currently stands at $2.28 per share. The company expects earnings (excluding special items) in the band of $4.70 to $4.80 for full-year 2018. The Zacks Consensus Estimate of 4.67 per share is below the company’s guidance range.

Fuel price per metric ton, net of hedges, is projected at $505 and $475 for the third quarter and full year 2018, respectively.

Zacks Rank: Currently, Norwegian Cruise Line carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: It seems that the strong earnings report pleased investors. Consequently, shares of the company were up in pre-market trading at the time of writing.

Check back later for our full write up on this Norwegian Cruise Line earnings report later!

 

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