Cruise and exploration company Lindblad Expeditions (NASDAQ: LIND) will be reporting results this Tuesday morning. Here’s what investors should know.
Lindblad Expeditions beat analysts’ revenue expectations last quarter, reporting revenues of $183.2 million, up 23.3% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is Lindblad Expeditions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Lindblad Expeditions’s revenue to grow 10.1% year on year, slowing from the 17% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lindblad Expeditions has a history of exceeding Wall Street’s expectations.
Looking at Lindblad Expeditions’s peers in the consumer discretionary - travel and vacation providers segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hilton Grand Vacations delivered year-on-year revenue growth of 11.9%, beating analysts’ expectations by 2%, and American Airlines reported revenues up 10.8%, topping estimates by 0.6%. Hilton Grand Vacations traded up 5.9% following the results while American Airlines was also up 5.2%.
Read our full analysis of Hilton Grand Vacations’s results here and American Airlines’s results here.
There has been positive sentiment among investors in the consumer discretionary - travel and vacation providers segment, with share prices up 7% on average over the last month. Lindblad Expeditions is up 6.1% during the same time and is heading into earnings with an average analyst price target of $23.80 (compared to the current share price of $18.56).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
