Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Lindblad Expeditions beat analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $206 million, up 17.1% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and full-year EBITDA guidance topping analysts’ expectations.
Is Lindblad Expeditions a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lindblad Expeditions’s revenue to grow 7.6% year on year to $134.8 million, improving from the 6.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.29 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lindblad Expeditions has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Lindblad Expeditions’s peers in the travel and vacation providers segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Choice Hotels delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 2.8%, and Playa Hotels & Resorts reported a revenue decline of 9.7%, topping estimates by 1.3%. Choice Hotels traded up 1.9% following the results.
Read our full analysis of Choice Hotels’s results here and Playa Hotels & Resorts’s results here.
Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market has been optimistic as of late due to a soft landing. This is an economic situation where rate hikes successfully quelled inflation but did not send the economy into a recession. Furthermore, recent rate cuts and Donald Trump's triumph in the 2024 Presidential election have been tailwinds for the market, and while some of the travel and vacation providers stocks have shown solid performance, the group has generally underperformed, with share prices down 3.3% on average over the last month. Lindblad Expeditions is down 16.2% during the same time and is heading into earnings with an average analyst price target of $15.33 (compared to the current share price of $10.90).
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