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Norwegian Cruise Line (NCLH) Misses on Earnings in Q1

Based in Miami, Norwegian Cruise Line Holdings NCLH 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 6.12%.

Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank # 2 (Buy) 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 earnings (including stock based compensation expenses) of 31 cents per share just fell short of the Zacks Consensus Estimate of 38 cents per share. Earnings improved 47.6% on a year over year basis.

Revenue: Revenues came in at $1,077 million which was short of the Zacks Consensus Estimate of $1,094 million. Revenues climbed 14.9% from the year-ago figure.

Key Stats: The company expects earnings (excluding special items) in the band of 80 cents to 85 cents per share in the second quarter of 2016. The Zacks Consensus Estimate of 96 cents 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 $3.65 to $3.85 (previous guidance: $2.80 to $2.90). The Zacks Consensus Estimate for 2016 currently stands at $3.81, again within the guidance range. Fuel price per metric ton, net of hedges, is projected at $480 and $460 for the second quarter and full year, respectively.

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NORWEGIAN CRUIS (NCLH): Free Stock Analysis Report
 
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