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Norwegian Cruise Line (NCLH) Q2 Earnings: What's in Store?
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Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) is set to report second-quarter 2016 results, before the market opens on Aug 9.
Last quarter, the company posted a negative earnings surprise of 18.42%. Let’s see how things are shaping up for this announcement.
Factors at Play this Quarter
Slow economic growth, terror attacks and the Brexit referendum are expected to take a toll on Norwegian Cruise Line’s revenues. The travel industry has been grappling with demand-related issues for long. This has been affecting Norwegian Cruise Line’s operations considerably. Moreover, the company faces stiff competition from the likes of Carnival Corporation (CCL - Free Report) and Royal Caribbean Cruises Ltd. (RCL - Free Report) .
The company is however expected to gain from its authorization to operate in Cuba. Additionally, the company might see some improvement in second-quarter earnings on account of the busy summer holiday season in the U.S.
Earnings Whispers
Our proven model does not conclusively show that Norwegian Cruise Line is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. Unfortunately, this is not the case here, as elaborated below.
Zacks ESP: Norwegian Cruise Line has an Earnings ESP of -3.61%. This is because the Most Accurate estimate stands at 80 cents while the Zacks Consensus Estimate is pegged at 83 cents.
Zacks Rank: Norwegian Cruise Line carries a Zacks Rank #4 (Sell). Note that Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions, as is the case with this company.
Here is a company you may want to consider as our model shows that it has the right combination of elements to post an earnings beat this quarter.
Star Bulk Carriers Corp. (SBLK - Free Report) has an earnings ESP of +13.33% and a Zacks Rank #2. The company’s second-quarter results are expected to release on Aug 29.
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Norwegian Cruise Line (NCLH) Q2 Earnings: What's in Store?
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) is set to report second-quarter 2016 results, before the market opens on Aug 9.
Last quarter, the company posted a negative earnings surprise of 18.42%. Let’s see how things are shaping up for this announcement.
Factors at Play this Quarter
Slow economic growth, terror attacks and the Brexit referendum are expected to take a toll on Norwegian Cruise Line’s revenues. The travel industry has been grappling with demand-related issues for long. This has been affecting Norwegian Cruise Line’s operations considerably. Moreover, the company faces stiff competition from the likes of Carnival Corporation (CCL - Free Report) and Royal Caribbean Cruises Ltd. (RCL - Free Report) .
The company is however expected to gain from its authorization to operate in Cuba. Additionally, the company might see some improvement in second-quarter earnings on account of the busy summer holiday season in the U.S.
Earnings Whispers
Our proven model does not conclusively show that Norwegian Cruise Line is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. Unfortunately, this is not the case here, as elaborated below.
Zacks ESP: Norwegian Cruise Line has an Earnings ESP of -3.61%. This is because the Most Accurate estimate stands at 80 cents while the Zacks Consensus Estimate is pegged at 83 cents.
Zacks Rank: Norwegian Cruise Line carries a Zacks Rank #4 (Sell). Note that Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions, as is the case with this company.
NORWEGIAN CRUIS Price and EPS Surprise
NORWEGIAN CRUIS Price and EPS Surprise | NORWEGIAN CRUIS Quote
A Stock to Consider
Here is a company you may want to consider as our model shows that it has the right combination of elements to post an earnings beat this quarter.
Star Bulk Carriers Corp. (SBLK - Free Report) has an earnings ESP of +13.33% and a Zacks Rank #2. The company’s second-quarter results are expected to release on Aug 29.
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 >>