Norwegian Cruise Line (NCLH) Beats On Earnings In Q3

Based in Miami, Norwegian Cruise Line Holdings (NCLH - Free Report) 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 good. The company has surpassed the Zacks Consensus Estimate in three of the last four quarters. The trailing four-quarter average beat is 3.8%.

Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank #3 (Hold) 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 third quarter 2017 adjusted earnings of $1.86 per share surpassed the Zacks Consensus Estimate of $1.82. Earnings improved substantially on a year over year basis.

Revenue: Revenues came in at $1,651.7 million beating the Zacks Consensus Estimate of $1,644.4 million. Revenues climbed 11.3% from the year-ago figure.

Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise

Key Stats: The company expects earnings (adjusted) of approximately 62 cents per share in the fourth quarter of 2017. The Zacks Consensus Estimate currently stands at 71 cents per share. The company expects earnings (adjusted) of $3.90 per share for full year 2017. The Zacks Consensus Estimate of 3.95 per share is above the company’s guidance.

Fuel price per metric ton, net of hedges, is projected at $440 and $458 for the fourth quarter and full year 2017, respectively.

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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