Lindblad Expeditions (LIND) To Report Earnings Tomorrow: Here Is What To Expect

Jabin Bastian /
2024/02/27 2:01 am EST

Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be reporting results tomorrow before the bell. Here's what to look for.

Last quarter Lindblad Expeditions reported revenues of $176 million, up 21.6% year on year, beating analyst revenue expectations by 3.9%. It was an impressive quarter for the company, with a  decent beat of analysts' earnings estimates.

Is Lindblad Expeditions buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Lindblad Expeditions's revenue to grow 7.8% year on year to $127.2 million, slowing down from the 79.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.28 per share.

Lindblad Expeditions Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 14.6%.

Looking at Lindblad Expeditions's peers in the hotels, resorts and cruise lines segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Wyndham's revenues decreased 3.9% year on year, missing analyst estimates by 0.9% and Travel + Leisure reported revenues up 4% year on year, missing analyst estimates by 1%. Wyndham traded up 1.% on the results, Travel + Leisure was flat on the results.

Read our full analysis of Wyndham's results here and Travel + Leisure's results here.

Tech stocks have been under pressure since the end of last year and while some of the hotels, resorts and cruise lines stocks have fared somewhat better, they have not been spared, with share price declining 4.7% over the last month. Lindblad Expeditions is down 6.1% during the same time, and is heading into the earnings with analyst price target of $14.3, compared to share price of $9.03.

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