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Norwegian Cruise Line (NCLH) Misses on Earnings in Q4

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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’strack 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 8.14%.

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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Norwegian Cruise Line’s fourth quarter 2016 adjusted earnings of 48 cents per share missed the Zacks Consensus Estimate of 56 cents. Earnings improved 6.7% on a year over year basis.

Revenue: Revenues came in at $1,125.1 million beating the Zacks Consensus Estimate of $1,112.1 million. Revenues climbed 8.6% from the year-ago figure.

Key Stats: The company expects earnings (excluding special items) of approximately 36 cents in the first quarter of 2017. The Zacks Consensus Estimate currently stands at 34 cents per share. The company expects earnings (excluding special items) in the band of $3.75 to $3.85 per share for full year 2017. The Zacks Consensus Estimate of 3.79 per share is below the company’s guidance range.

Fuel price per metric ton, net of hedges, is projected at $450 and $440 for the first quarter and full year 2017, respectively.

 

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