Stock Story -
Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be announcing earnings results tomorrow before the bell. Here's what to expect.
Lindblad Expeditions missed analysts' revenue expectations by 1.4% last quarter, reporting revenues of $125.4 million, up 6.3% year on year. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.
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This quarter, analysts are expecting Lindblad Expeditions's revenue to grow 4.4% year on year to $149.7 million, slowing from the 111% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they are expecting 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 13% on average.
Looking at Lindblad Expeditions's peers in the hotels, resorts and cruise lines segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wyndham (NYSE:WH)'s revenues decreased 2.6% year on year, missing analyst expectations by 1.1%, and Travel + Leisure reported revenues up 4.2%, topping Wall Street's consensus estimates by 1.3%. Wyndham traded up 4.8% following the results while Travel + Leisure's stock price was unchanged.
Read the full analysis of Wyndham's and Travel + Leisure's results on StockStory.
Growth stocks have seen elevated volatility as investors debate the Fed's policy, and while some of the hotels, resorts and cruise lines stocks have fared somewhat better, they have not been spared, with share price declining 7% over the last month. Lindblad Expeditions is down 19.2% during the same time and is heading into earnings with an average analyst price target of $13.8 (compared to share price of $7.29).