Norwegian Cruise Line Holdings Ltd Earnings: Everything You Must Know Now

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Norwegian Cruise Line Holdings Ltd Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $644.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.27. It missed the average revenue estimate of $659.17 million.

Quoting Management: “While the addition of Norwegian Breakaway to our fleet was undoubtedly the highlight of the quarter, our strong results, which include our twentieth consecutive quarter of year-over-year Adjusted EBITDA growth, are equally as notable,” said Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line. “Other initiatives in the quarter, from the refinancing of certain credit facilities to further optimize our capital structure, to the enhancements carried out on Pride of America at her recent dry-dock, demonstrate our culture of leaving no stone unturned in order to add incremental value for our shareholders and enhance the cruise experience for our guests.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 383.33% from $0.06 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.84 and has not changed. For the current year, the average estimate has moved up from a profit of $1.34 to a profit of $1.35 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)