Based in Miami, Norwegian Cruise Line Holdings (NCLH) offers cruises in various locations including those in the Caribbean, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa and Scandinavia. The cruise line operator was founded in 1966
Norwegian Cruise Line’s track record with respect to earnings is not great. The company has missed the Zacks Consensus Estimate in three of the last four quarters and has delivered in-line earnings in the other quarter. The trailing four-quarter average miss is 8.32%.
Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Norwegian Cruise Line’s earnings (including stock based compensation expenses) of 73 cents per share just fell short of the Zacks Consensus Estimate of 74 cents per share. Earnings improved 32.7% on a year over year basis. We note that this is the second full quarter at Norwegian Cruise Line following the Nov 2014 acquisition of prestige cruises international.
Revenue: Revenues came in at $1,085 million which was short of the Zacks Consensus Estimate of $1,097 million. Revenues climbed 41.7% from the year-ago figure.
Key Stats: The company expects earnings (excluding special items) in the band of $1.30 to $1.35 per share in the third quarter of 2015. The Zacks Consensus Estimate of $1.38 per share is above the company’s guidance range.
For 2015, the company now expects earnings per share (on an adjusted basis) in the range of $2.80 to $2.90 (previous guidance: $2.75 to $2.90). The Zacks Consensus Estimate for 2015 currently stands at $2.85, again within the guidance range. Fuel price per metric ton, net of hedges, is projected at $565 and $545 for the third quarter and full year, respectively.
Check back later for our full write up on this Norwegian Cruise Line earnings report later!
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