What's in Store for Norwegian Cruise's (NCLH) Q2 Earnings?
Norwegian Cruise Line Holdings Ltd. NCLH is scheduled to report second-quarter 2020 results on Aug 6. In the last reported quarter, the company delivered a negative earnings surprise of 90.4%.
The Zacks Consensus Estimate for second-quarter bottom line is pegged at a loss of $2.19, against earnings of $1.30 in the prior-year quarter. In the past seven days, estimates for current quarter have remained stable. The consensus estimate for revenues stands at $3.38 million, suggesting a decline of 99.8% from the prior-year reported figure.
Factors to Note
The cruise industry has been brought to a standstill by the coronavirus-induced crisis. The company’s second-quarter results are likely to reflect sharp decline owing to cruise cancellations. Notably, the company had suspended global cruise operation beginning mid-March on account of the pandemic. Due to the ongoing crisis scenario, bookings for 2020 have declined significantly. Moreover, cash burn owing to the coronavirus-induced shutdowns might have weighed on the company’s to-be-reported quarter performance.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Norwegian Cruise this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Norwegian Cruise, which shares space with Carnival Corporation & Plc CCL, has an Earnings ESP of -3.88% and a Zacks Rank #3.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to come up with an earnings beat this quarter.
Callaway Golf Company ELY has an Earnings ESP of +222.5% and a Zacks Rank #3, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Acushnet Holdings Corp. GOLF has an Earnings ESP of +180.01% and a Zacks Rank of 3.
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Carnival Corporation (CCL): Free Stock Analysis Report
Acushnet Holdings Corp. (GOLF): Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report
Callaway Golf Company (ELY): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.