Norwegian Cruise Line (NCLH) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - Norwegian Cruise Line (NCLH) reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.95 per share, and showing an increase from $0.76 per share a year ago, indicating a positive earnings surprise of 4.21% [1][2] Financial Performance - The company achieved revenues of $2.81 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.68% and up from $2.54 billion year-over-year [2] - Over the last four quarters, Norwegian Cruise Line has exceeded consensus EPS estimates three times and topped revenue estimates twice [2] Stock Performance and Outlook - Norwegian Cruise Line shares have increased approximately 19% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The company's earnings outlook is favorable, with a current consensus EPS estimate of $0.09 on $2.07 billion in revenues for the upcoming quarter and $1.60 on $9.4 billion in revenues for the current fiscal year [7] Industry Context - The Leisure and Recreation Services industry, to which Norwegian Cruise Line belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a positive industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]