Lindblad Expeditions (LIND)

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Lindblad Expeditions (LIND) Is Up 3.19% in One Week: What You Should Know
ZACKS· 2024-12-04 18:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Lindblad Expeditions (LIND) - Lindblad Expeditions currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4][12] Performance Metrics - Over the past week, LIND shares increased by 3.19%, outperforming the Zacks Leisure and Recreation Services industry, which rose by 1.29% [7] - In a longer timeframe, LIND's shares have appreciated by 14.35% over the past month, compared to the industry's 8.24% [7] - Over the last quarter, LIND shares surged by 44.13%, and over the past year, they gained 64.5%, while the S&P 500 only increased by 9.71% and 33.24%, respectively [8] Trading Volume - LIND's average 20-day trading volume is 306,250 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, two earnings estimates for LIND have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.65 to -$0.45 [11] - For the next fiscal year, two estimates have moved up, while one has been revised down [11]
All You Need to Know About Lindblad Expeditions (LIND) Rating Upgrade to Buy
ZACKS· 2024-12-03 18:06
Lindblad Expeditions (LIND) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Sin ...
Lindblad Expeditions: Upbeat Earnings Momentum, But A Moderate Overvaluation
Seeking Alpha· 2024-12-03 17:29
Core Insights - Lindblad Expeditions Holdings, Inc. reported strong Q3 results on November 5, highlighting solid earnings and a robust partnership with National Geographic [1] Financial Performance - The company demonstrated significant financial performance in Q3, indicating a positive trend in earnings [1] Strategic Partnerships - Lindblad Expeditions has an extensive partnership with National Geographic, which enhances its brand and market presence [1]
Lindblad Expeditions (LIND) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 14:41
Lindblad Expeditions (LIND) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.48, delivering a surprise of -100%.Over the last four quarters, the company ha ...
Lindblad Expeditions Holdings, Inc. Reports 2024 Third Quarter Financial Results
Prnewswire· 2024-11-05 12:30
Core Insights - Lindblad Expeditions Holdings, Inc. reported a record third quarter for 2024, with total revenues increasing by 17% to $206.0 million compared to the same period in 2023, driven by strong performance in both the Lindblad and Land Experiences segments [1][3][4] - The company achieved a net income available to stockholders of $21.3 million, significantly up from $4.5 million in the prior year, reflecting improved operating results and a tax benefit [6][23] - Adjusted EBITDA rose by 35% to $45.8 million, indicating robust operational efficiency and growth across segments [7][15] Financial Performance - Total tour revenues for the third quarter reached $206.0 million, an increase of $30.0 million or 17% year-over-year, with the Lindblad segment contributing $121.3 million and the Land Experiences segment $84.7 million [3][5] - The Lindblad segment saw a 12% increase in tour revenues, attributed to a 6% rise in available guest nights and a 9% increase in net yield per available guest night to $1,205 [4][10] - Land Experiences tour revenues surged by 26%, primarily due to increased guest travel and the acquisition of Wineland-Thompson Adventures [5][14] Operational Metrics - Available Guest Nights increased by 6%, with occupancy rates improving to 82% from 81% in the previous year [1][31] - Bookings for future travel have increased by 26% compared to the same period in 2023, indicating strong demand for the company's offerings [1][2] - The company expanded its land-based portfolio with the acquisition of Wineland-Thompson Adventures, enhancing its adventure travel offerings [1][14] Strategic Initiatives - The company announced the addition of two new Galápagos expedition vessels to its fleet, set to enhance its offerings in the region [13] - Lindblad continues to focus on high-quality travel experiences and strategic expansion to capture growing demand in the adventure travel market [2][18] Balance Sheet and Liquidity - As of September 30, 2024, the company reported cash and cash equivalents of $224.6 million, up from $187.3 million at the end of 2023, reflecting strong cash flow from operations [11] - Total debt stood at $635.0 million, with the company in compliance with all applicable debt covenants [12][22] Financial Outlook - The company expects full-year 2024 tour revenues to be in the range of $610 million to $630 million and Adjusted EBITDA between $88 million and $98 million [15][34] - A stock repurchase plan of $35.0 million is currently in place, with $12.0 million remaining as of November 4, 2024 [15]
Lindblad Expeditions (LIND) - 2024 Q3 - Quarterly Results
2024-11-05 12:25
Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2024 Third Quarter Financial Results Third Quarter 2024 Highlights: ● Total revenues increased 17% to $206.0 million ● Net income available to stockholders increased $16.8 million ● Adjusted EBITDA increased 35% to $45.8 million ● Lindblad segment Available Guest Nights increased 6% ● Net Yield per Available Guest Night increased 9% to $1,205 and Occupancy was 82% ● Bookings to date for future travel increased 26% vs the same period in 2023 ● Further ...
New Strong Sell Stocks for October 24th
ZACKS· 2024-10-24 10:11
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Lindblad Expeditions Holdings, Inc. (LIND) is a marine expedition company. The Zacks Consensus Estimate for its current year earnings has been revised 10.2% downward over the last 60 days.Polaris Inc. (PII) is a powersports vehicle company. The Zacks Consensus Estimate for its current year earnings has been revised 5.3% downward over the last 60 days.Simpson Manufacturing Co., Inc. (SSD) is a building materials company.The Zacks Conse ...
Lindblad Expeditions (LIND) - 2024 Q2 - Earnings Call Transcript
2024-08-08 18:20
Financial Data and Key Metrics - Total revenue for Q2 2024 was $136.5 million, a 9% increase compared to Q2 2023 [20] - Lindblad segment tour revenues increased by 6% to $93.1 million, driven by a 4% increase in available guest nights, a 6% increase in net yield per available guest night to $1,094, and an increase in occupancy to 78% from 74% [20] - Land Experience segment revenues grew by 16% to $43.4 million, driven by higher guest counts and pricing across various destinations [21] - Adjusted EBITDA for Q2 2024 was $10.4 million, up $4.2 million year-over-year, with Lindblad segment adjusted EBITDA increasing by $3.9 million and Land Experience segment adjusted EBITDA increasing by $300,000 [22] - Total cash as of June 30, 2024, was $217.7 million, up from $187.3 million at the end of 2023, primarily due to increased bookings for future travel [25] Business Line Performance - Lindblad segment occupancy increased to 78% in Q2 2024, up from 74% in Q2 2023, with each percentage point increase adding $4-5 billion in additional EBITDA annually [6] - Land Experience sector revenue grew by 16% year-over-year, with Natural Habitat bookings up over 20% compared to the same period in 2023 [14] - The company acquired two additional ships for the Galapagos, increasing inventory by 45% and expected to accelerate first-time travelers by 3,000 annually [13] Market Performance - Bookings for future travel were up 17% compared to the same period in 2023, with in-year bookings expanding by 6% [5] - The Middle East conflict impacted the Egypt program and led to the cancellation of two Mediterranean voyages, while instability in mainland Ecuador briefly affected Galapagos voyages [7][20] - The company is launching sales in Great Britain this quarter and plans further expansions into Europe later in 2024 [10] Strategic Direction and Industry Competition - The company is focused on returning to historical occupancy levels by rebuilding its past guest base, which is critical for longer and more esoteric itineraries [6] - A partnership with National Geographic and Disney aims to leverage brand strength, distribution, and execution capabilities to drive growth through at least 2040 [8][9] - The company is updating its consumer brand to "National Geographic Lindblad Expeditions" to increase consumer intent, search efficiency, and conversion, especially in international markets [9] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about 2024, expecting total revenue between $610 million and $630 million and adjusted EBITDA between $88 million and $98 million [27] - External influences, such as geopolitical conflicts and regional instability, are expected to continue impacting operations, but the business model is designed to account for such disruptions [7] - The company is investing in technology to improve efficiency and reduce costs, with recent IT system upgrades already streamlining internal processes and enhancing the guest experience [14][24] Other Important Information - The company added two new board members, Annette Reavis and Andy Stuart, bringing diverse experience in human resources and the cruise industry, respectively [4][5] - The acquisition of Thomson Safaris, focusing on Tanzania, is expected to create synergies with Natural Habitat's East African operations [17] - The company is exploring new charter products, including potential expansion into river cruising, to diversify its offerings [10][48] Q&A Session Summary Question: Confidence in achieving EBITDA guidance for 2024 - The company is confident in achieving its EBITDA guidance due to strong bookings, with 98% of Lindblad segment projected ticket revenues already booked for 2024 [31] - Land business bookings are also strong, with Natural Habitat bookings up 20% year-over-year [31] Question: Progress and impact of the Disney partnership - The partnership with Disney and National Geographic is progressing well, with significant collaboration expected to drive growth starting in 2025 [33][35] - The company is leveraging Disney's distribution capabilities and National Geographic's brand strength to expand its reach and attract new travelers [34][38] Question: Impact of new Galapagos ships on market share and pricing - The acquisition of two additional ships in the Galapagos increases the company's inventory by 45% and is expected to attract first-time guests, with conservative occupancy assumptions for 2025 [42] - The company holds a significant market share in the Galapagos, with 206 beds out of approximately 600 total beds in the region [45] Question: Potential expansion into river cruising - The company is considering expanding its river cruising offerings on a charter basis, leveraging its existing expertise in river-based expeditions [48] - Chartering ships allows the company to test new markets without committing to long-term ownership [49] Question: Long-term margin profile and operating leverage - The company aims to return to historical occupancy levels and improve efficiency, which should provide significant operating leverage and margin expansion in the coming years [50] - The mix of land versus marine businesses will influence the overall margin profile, with land businesses typically carrying different margin structures [50]
Lindblad Expeditions (LIND) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-08 13:56
Lindblad Expeditions (LIND) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.10, delivering a surprise of -150%. Over the last four quarters, the company has sur ...
Lindblad Expeditions Holdings, Inc. Reports 2024 Second Quarter Financial Results
Prnewswire· 2024-08-08 11:30
Second Quarter 2024 Highlights: Total revenues increased 9% to $136.5 million Net loss available to stockholders increased $0.3 million Adjusted EBITDA increased $4.2 million to $10.4 million Lindblad segment Available Guest Nights increased 4% Net Yield per Available Guest Night increased 6% to $1,094 and Occupancy was 78% Bookings to date for future travel increased 17% vs the same period in 2023 and in-year bookings expanded to 6% over the same point in 2023 and over 29% excluding carryover bookings Anno ...