Norwegian Cruise Line (NCLH) Beats on Earnings in Q2
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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
To read this article on Zacks.com click here.