Cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) will be reporting results this Monday before the bell. Here’s what investors should know.
Lindblad Expeditions beat analysts’ revenue expectations last quarter, reporting revenues of $208 million, up 15.7% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance missing analysts’ expectations.
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 10.7% year on year, slowing from the 23% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q2 results, giving us a hint as to what we can expect. Delta delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.9%, and Frontier reported revenues up 37.7%, topping estimates by 4.6%. Delta traded down 3.2% following the results while Frontier was up 12%.
Read our full analysis of Delta’s results here and Frontier’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the consumer discretionary - travel and vacation providers stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. Lindblad Expeditions is up 16% during the same time and is heading into earnings with an average analyst price target of $28.20 (compared to the current share price of $29.55).
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