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Norwegian Cruise Line (NCLH) Q2 Misses on Earnings
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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 not great. The company has missed the Zacks Consensus Estimate in each of the last four quarters. The trailing four-quarter average miss is 8.55%.
Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank # 4 (Sell) 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 adjusted earnings of 78 cents per missed the Zacks Consensus Estimate of 83 cents per share. Earnings improved 6.8% on a year over year basis.
Revenue: Revenues came in at $1,187 million which was short of the Zacks Consensus Estimate of $1,219 million. Revenues climbed 9.3% from the year-ago figure.
Key Stats: The company expects earnings (excluding special items) in the band of $1.57 to $1.62 per share in the third quarter of 2016. The Zacks Consensus Estimate of $1.80 per share is above the company’s guidance range.
For 2016, the company now expects earnings per share (on an adjusted basis) in the range of $3.35 to $3.45 as compared to $3.65 to $3.85 expected earlier. The Zacks Consensus Estimate for 2016 currently stands at $3.69 which is within the guidance range. Fuel price per metric ton, net of hedges, is projected at $510 and $480 for the third quarter and full year, respectively.
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Norwegian Cruise Line (NCLH) Q2 Misses on Earnings
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 not great. The company has missed the Zacks Consensus Estimate in each of the last four quarters. The trailing four-quarter average miss is 8.55%.
Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank # 4 (Sell) 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 adjusted earnings of 78 cents per missed the Zacks Consensus Estimate of 83 cents per share. Earnings improved 6.8% on a year over year basis.
Revenue: Revenues came in at $1,187 million which was short of the Zacks Consensus Estimate of $1,219 million. Revenues climbed 9.3% from the year-ago figure.
NORWEGIAN CRUIS Price and EPS Surprise
NORWEGIAN CRUIS Price and EPS Surprise | NORWEGIAN CRUIS Quote
Key Stats: The company expects earnings (excluding special items) in the band of $1.57 to $1.62 per share in the third quarter of 2016. The Zacks Consensus Estimate of $1.80 per share is above the company’s guidance range.
For 2016, the company now expects earnings per share (on an adjusted basis) in the range of $3.35 to $3.45 as compared to $3.65 to $3.85 expected earlier. The Zacks Consensus Estimate for 2016 currently stands at $3.69 which is within the guidance range. Fuel price per metric ton, net of hedges, is projected at $510 and $480 for the third quarter and full year, respectively.
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 >>