Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be announcing earnings results tomorrow morning. Here's what you need to know.
Lindblad Expeditions beat analysts' revenue expectations by 2.6% last quarter, reporting revenues of $153.6 million, up 7.1% year on year. It was a slower quarter for the company, with a miss of analysts' earnings estimates and full-year revenue guidance missing analysts' expectations.
Is Lindblad Expeditions a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Lindblad Expeditions's revenue to grow 9.1% year on year to $136.1 million, slowing from the 37.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.25 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lindblad Expeditions has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 11% on average.
Looking at Lindblad Expeditions's peers in the hotels, resorts and cruise lines segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Playa Hotels & Resorts's revenues decreased 5.1% year on year, beating analysts' expectations by 3.1%, and Carnival reported revenues up 17.7%, topping estimates by 1.9%. Playa Hotels & Resorts traded down 1.4% following the results while Carnival was up 12%.
Read our full analysis of Playa Hotels & Resorts's results here and Carnival's results here.
Investors in the hotels, resorts and cruise lines segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Lindblad Expeditions is down 15% during the same time and is heading into earnings with an average analyst price target of $13 (compared to the current share price of $8.13).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.