FX.co ★ Norwegian Cruise Expects Q4, Annual Profit Outlook Better Than View; Pre-Market Stock Up

Norwegian Cruise Line Holdings Ltd. (NCLH) announced on Thursday that it anticipates its fourth-quarter earnings to surpass Wall Street expectations and has revised its annual profit forecast upward, outpacing earlier estimates. Harry Sommer, CEO of Norwegian Cruise, stated, "Driven by strong demand and our unwavering commitment to cost efficiency and margin improvement, we are raising our full-year guidance for the fourth time."

For the fourth quarter, NCLH anticipates an adjusted net income of approximately $40 million, equating to $0.09 per share.

On average, 16 analysts surveyed by Thomson Reuters predict the cruise line will earn $0.08 per share for the quarter. Typically, analysts’ estimates do not account for one-time items.

For the full year, NCLH now expects an adjusted income per share of $1.65, up from the previous forecast of $1.53 per share. Analysts are projecting the company will earn $1.58 per share for the year.

When excluding certain items, projected earnings are now around $855 million, exceeding the prior estimate of $790 million for the year.

The company's annual adjusted EBITDA guidance has also been increased to about $2.425 billion, up from $2.350 billion.

In pre-market trading on the New York Stock Exchange, NCLH shares were up 6.12 percent, priced at $25.30.