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Neharika Jain

Norwegian Cruise Line's Quarterly Earnings Preview: What You Need to Know

Miami, Florida-based Norwegian Cruise Line Holdings Ltd. (NCLH) is a leading cruise line operator that owns and operates three brands: Oceania Cruises, Regent Seven Seas Cruises, and Norwegian Cruise Line. Valued at a market cap of nearly $10 billion, the company offers itineraries ranging from three days to 180 days, calling on various ports. It is expected to announce its fiscal Q3 earnings results before the market opens on Thursday, Oct. 31. 

Ahead of this event, analysts project the cruise company to report a profit of $0.88 per share, up 23.9% from $0.71 per share in the year-ago quarter.  The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on one another occasion. Its adjusted earnings of $0.40 per share in the last quarter topped the consensus estimates by 16.7% and increased 33.3% from a year ago. The outperformance was primarily driven by the company’s robust market demand and disciplined cost management. 

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