Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be reporting results this Monday before market open. Here’s what you need to know.
Lindblad Expeditions beat analysts’ revenue expectations by 18.8% last quarter, reporting revenues of $179.7 million, up 17% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
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 16.5% year on year to $159 million, improving from the 9.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.29 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 5.8% on average.
Looking at Lindblad Expeditions’s peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts’ expectations by 1.7%, and Delta reported flat revenue, topping estimates by 1.5%. Carnival traded up 5.9% following the results while Delta was also up 11.9%.
Read our full analysis of Carnival’s results here and Delta’s results here.
Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices flat over the last month. Lindblad Expeditions is down 7.4% during the same time and is heading into earnings with an average analyst price target of $15 (compared to the current share price of $11.73).
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