Norwegian Cruise Line (NCLH) Tops Q4 EPS by 5c, Miss on Revenues; FY18 EPS Mid-Point Guidance Below Consensus
Norwegian Cruise Line (NASDAQ: NCLH) reported Q4 EPS of $0.68, $0.05 better than the analyst estimate of $0.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.25 billion.
Fourth Quarter 2017 Results
- GAAP net income was $98.8 million or EPS of $0.43 compared to $72.2 million or $0.32 in the prior year.
- The Company generated Adjusted Net Income of $156.8 million
- Adjusted EPS of $0.68 compared to $127.7 million or $0.56 in the prior year.
- Revenue increased 11.1% to $1.2 billion compared to $1.1 billion in 2016.
2018 Outlook
“The continued strong global demand for our portfolio of brands will enable us to further grow revenue, resulting in our sixth consecutive year of Net Yield growth. This, coupled with the benefit of the launch of Norwegian Bliss and a continued focus on costs, will drive 2018 earnings to record highs,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd.
GUIDANCE:
Norwegian Cruise Line sees FY2018 EPS of $4.45-$4.65, versus the consensus of $4.59.
For earnings history and earnings-related data on Norwegian Cruise Line (NCLH) click here.
