NYSE$NCLH

Norwegian Cruise Line Holdings · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2021 and provided a business update.

Norwegian Cruise Line Holdings reported financial results for Q2 2021. Voyages were suspended for the entire quarter, but the company commenced its relaunch with Norwegian Jade sailing the Greek Isles and Norwegian Encore setting sail to Alaska from Seattle. Bookings continue to be strong for future periods, and 2022 booking and pricing trends are positive.

  • Great Cruise Comeback Commenced with Norwegian Jade Cruising in the Greek Isles
  • Norwegian Encore to Set Sail to Alaska from Seattle as Company’s First Cruise in the United States Since the Global Voyage Suspension in March 2020
  • Strong Pent-Up Demand Continues Across All Three Brands
  • The Company expects to have approximately 40% of its fleet capacity operating by the end of the third quarter 2021 and approximately 75% by year-end 2021 with the full fleet expected to be back in operation by April 1, 2022.

Headline financials

Total Revenue

$4.37M

Previous: $16.9M-74.2%
EPS (adj)

-$1.93

Previous: -$2.78+30.6%
Capital Expenditures

-$309M

Previous: -$725M+57.3%
Free Cash Flow

-$1.03B

Previous: -$1.44B+28.7%
Net Income

-$718M

Previous: -$715M-0.4%
Operating Income

-$605M

Previous: -$595M-1.6%
Gross Profit

-$250M

Previous: -$302M+17.2%
Cash & Equivalents

$2.75B

Previous: $2.26B+21.7%
Total Assets

$18.5B

Previous: $17.5B+5.7%
Stock-Based Comp

$22.5M

Previous: $22.4M+0.3%

Revenue & EPS history

Norwegian Cruise Line · Revenue · Quarterly

$4.37M

Q2 2021-74.2%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company will report a net loss for the third quarter ending September 30, 2021 and expects to report a net loss until the Company is able to resume regular voyages.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.9%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.2%

Avg return

30 days after

49%

28 / 57 earnings

Positive

+18.6%

Q3 2020

Best reaction

-15.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.6%-9.2%-3.3%
Q4 2025-10.6%-19.1%-21.8%
Q3 2025-15.4%-14.0%-15.2%
Q1 2025-7.8%-0.1%+1.6%
Q4 2024-5.3%-15.6%-23.6%
Q3 2024+4.4%+8.8%+12.8%
Q2 2024-6.5%-17.4%-3.6%
Q1 2024-15.7%-14.4%-12.3%
Q4 2023+17.4%+21.1%+31.4%
Q3 2023-3.9%-3.6%+20.7%
Q2 2023-15.5%-18.7%-24.9%
Q1 2023+7.6%+5.8%+11.2%
Q4 2022-8.2%-1.6%-19.6%
Q3 2022-5.3%+7.1%-5.7%
Q2 2022+0.2%+4.7%+5.5%
Q1 2022-3.3%+1.7%-13.7%
Q4 2021+1.9%-4.2%+3.0%
Q3 2021-0.0%+5.3%-31.8%
Q2 2021+2.0%+8.6%+1.8%
Q1 2021-4.6%-7.3%+7.6%
Q4 2020-5.5%-0.3%-14.2%
Q3 2020+18.6%+18.2%+60.6%
Q2 2020+2.0%+14.0%+34.3%
Q1 2020+5.9%+20.6%+98.8%
Q4 2019-9.7%-24.4%-83.2%
Q3 2019-0.5%-1.5%+5.1%
Q2 2019+4.2%+5.9%+9.4%
Q1 2019+1.0%-1.8%-8.3%
Q4 2018+3.1%+3.5%+3.6%
Q3 2018+1.6%+3.1%-0.9%
Q2 2018+3.4%+6.3%+9.1%
Q1 2018-5.1%-6.6%-1.3%
Q4 2017-1.4%-4.2%-12.5%
Q3 2017-0.6%-0.8%-1.0%
Q2 2017+3.0%+0.2%-1.4%
Q1 2017-5.1%-7.7%-8.3%
Q4 2016+5.1%+5.3%+4.7%
Q3 2016-3.0%+5.6%+13.7%
Q2 2016-13.2%-10.5%-19.9%
Q1 2016-5.2%
Q4 2015+8.7%
Q3 2015-7.6%
Q2 2015-1.3%
Q1 2015+11.1%
Q4 2014+6.9%
Q3 2014+6.1%
Q2 2014+3.5%
Q1 2014+3.5%
Q4 2011+0.9%
Q4 2013-5.2%
Q3 2012+0.5%
Q3 2013-0.6%
Q2 2012+0.2%
Q2 2013-3.9%
Q1 2012+0.2%
Q1 2013+0.4%
Q4 2012+1.5%
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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