Lindblad Expeditions Holdings (LIND) Misses Q1 EPS by 7c, Beats on Revenue; Strong FY17 Revenue Outlook

Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q1 EPS of $0.01, $0.07 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $63.1 million versus the consensus estimate of $53.37 million.

GUIDANCE:

Lindblad Expeditions Holdings sees FY2017 revenue of $275-281 million, versus the consensus of $253 million.

FINANCIAL OUTLOOK

The Company's current expectations for the full year 2017 are as follows:

• Tour revenues of $275 - $281 million (14 – 16% growth)
• Adjusted EBITDA of $47 - $49 million (12 – 17% growth)

This outlook includes the estimated $9.1 million revenue impact and estimated $6.5 million adjusted EBITDA impact associated with the cancellation of four voyages on the National Geographic Orion and two voyages on the National Geographic Sea Lion for necessary repairs. As of May 1, 2017, the Lindblad segment had 92% of full year 2017 projected guest ticket revenues on the books versus 93% of full year 2016 revenue at the same time last year. The Company also continues to anticipate it will achieve its long-range revenue and adjusted EBITDA targets.

For earnings history and earnings-related data on Lindblad Expeditions Holdings (LIND) click here.

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