Published on 1 May 2024 on Zacks via Yahoo Finance

Norwegian Cruise (NCLH) Q1 Earnings Beat, Bookings Rise Y/Y

Norwegian Cruise Line Holdings Ltd. NCLH reported mixed first-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. On the other hand, the top and the bottom lines increased on a year-over-year basis.The quarterly results showcase robust demand for the company’s products and offerings, resulting in record bookings. This uptrend aided the company to continue its all-time high booked position and an unprecedented level of advance ticket sales through 2024. Also, its ongoing margin enhancement initiative drove continued improvement in operating costs, thus benefiting the bottom line. Owing to the improving trend, the company raised its adjusted EBITDA and adjusted earnings per share (EPS) outlook for 2024.NCLH is also optimistic about its newbuild program, as it believes that enhancing its capacity and elevating the product portfolio will further drive its growth prospects in the upcoming period.Following the results, the company’s shares dwindled 3% in the pre-market trading session on May 1.

Earnings & Revenue Discussion

Norwegian Cruise reported an adjusted earnings per share of 16 cents, topping the Zacks Consensus Estimate of 12 cents by 33.3%. In the prior-year quarter, the company reported an adjusted loss per share of 30 cents.