NYSE$NCLH
Norwegian Cruise Line Holdings · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported financial results for the third quarter ended September 30, 2020 and provided a business update.
Norwegian Cruise Line Holdings reported a decrease in revenue to $6.5 million compared to $1.9 billion in 2019 due to the complete suspension of voyages in the quarter. The company's GAAP net loss was $(677.4) million, or EPS of $(2.50), compared to $450.6 million, or $2.09 in the prior year. The Adjusted Net Income (Loss) was $(638.7) million or Adjusted EPS of $(2.35).
- The U.S. Centers for Disease Control and Prevention issued a Framework for Conditional Sailing Order, replacing the No Sail Order, that will permit cruise ship passenger operations in U.S. waters under certain conditions.
- Booking volumes since the emergence of the COVID-19 global pandemic remain below historical levels, there continues to be demand for future cruise vacations, particularly beginning for sailings operating in the second half of 2021 and beyond.
- As of September 30, 2020, the Company had $1.2 billion of advance ticket sales, including the long-term portion of advance ticket sales, which includes approximately $0.85 billion of future cruise credits.
- The Company's monthly average cash burn rate for the third quarter 2020 was approximately $150 million.
Headline financials
Revenue & EPS history
Norwegian Cruise Line · Revenue · Quarterly
$6.52M
Forward guidance
As a consequence of COVID-19, while the Company cannot estimate the impact on its business, financial condition or near- or longer-term financial or operational results with certainty, it will report a net loss on both a U.S. GAAP and adjusted basis for the fourth quarter and the year ending December 31, 2020.
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 Q3 2020
-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
| Quarter | Report date | Reaction (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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