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Norwegian Cruise Line (NCLH) Stock Gains After Beating Q3 Estimates

  • Norwegian Cruise Line (NCLH) stock is rising alongside the release of its third-quarter earnings report.
  • The company reported earnings per share and revenue estimate beats.
  • Norwegian Cruise Line also provided a solid outlook for Q4.
Norwegian Cruise Line ship arriving at a port. NCLH stock.

Source: Ian_Stewart / Shutterstock

Norwegian Cruise Line (NYSE:NCLH) stock is getting a boost on Tuesday thanks to results from its third-quarter earnings report.

Starting off strong was the company’s adjusted EPS loss of 64 cents. While that might not seem great, it’s a narrower loss than the -70 cents per share Wall Street had expected. It also represents a massive improvement over the -$2.17  per share reported in Q3 2021.

To go along with that, Norwegian reported revenue of $1.62 billion. Yet again, that looks good next to analysts’ revenue estimate of $1.58 billion for the period. It’s also a major jump from the $153.1 million reported the same time last year.

Frank Del Rio, Norwegian Cruise Line President and CEO, said the following in the earnings report:

“We are demonstrating continued positive momentum as we consistently reach key operational and financial milestones, including positive Adjusted EBITDA in the third quarter for the first time since the start of the pandemic.”

NCLH Stock: Solid Guidance for Q4

While macroeconomic factors keep Norwegian Cruise Line from getting too specific with its outlook, it did give some details in the report. That included expectations for revenue to range from $1.4 billion to $1.5 billion. For the record, Wall Street’s average estimate is for revenue of $1.46 billion in Q4 2022.

NCLH stock is rising 9.2% as of Tuesday morning.

Investors looking for more of the latest stock market news will want to keep reading!

InvestorPlace is home to all of the hottest stock news for Tuesday! A few examples include what’s going on with Tesla (NASDAQ:TSLA), Take-Two Interactive (NASDAQ:TTWO) and Nvidia (NASDAQ:NVDA) stock today. You can catch up on all of that news at the following links!

More Tuesday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/11/norwegian-cruise-line-nclh-stock-gains-after-beating-q3-estimates/.

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