Research Desk Line-up: Full House Resorts Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=NCLH, following the Company's release of its second quarter fiscal 2017 results on August 08, 2017. The cruise operator outperformed top- and bottom-line expectations and also raised its earnings forecasts for the year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Resorts & Casinos industry. Pro-TD has currently selected Full House Resorts, Inc. (NASDAQ: FLL) for due-diligence and potential coverage as the Company announced on August 14, 2017, its financial results for Q2 and YTD period which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Full House Resorts when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on NCLH; also brushing on FLL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=NCLH

http://protraderdaily.com/optin/?symbol=FLL

Earnings Reviewed

For the quarter ended June 30, 2017, Norwegian Cruise Line's revenue increased 13.3% to $1.34 billion compared to $1.19 billion in Q2 2016. This growth was primarily attributed to increase in Capacity Days, as well as the benefit of sailings from the addition of Regent brand's Seven Seas Explorer and Oceania Cruises' Sirena to the fleet in 2016 along with an increase in net yield due to strength in ticket pricing and higher onboard and other revenue. The Company's revenue numbers exceeded analysts' expectations of $1.31 billion.

For Q2 2017, Norwegian Cruise Line's gross yield increased 7.4%, while adjusted net yield improved to a record 8.1% on a constant currency basis and 7.2% on an as reported basis. The Company's gross cruise cost increased 10.6% on a y-o-y basis to $945.89 million, due to an increase in total cruise operating expense and marketing, general and administrative expenses. Norwegian Cruise Line's gross cruise costs per capacity day grew 4.9%. The Company's adjusted net cruise cost excluding fuel per capacity day increased 2.7% on a constant currency basis and 2.6% on an as reported basis, primarily due to an increase in marketing, general, and administrative expenses.

During Q2 2017, Norwegian Cruise Line's fuel price per metric ton, net of hedges, was $469, which is commensurate with prior year's comparable period. The Company reported fuel expense of $86.7 million in the reported period. Norwegian Cruise Line's interest expense, net, decreased to $64.2 million in Q2 2017 from $68.4 million in Q2 2016. Interest expense for the reported period reflected an increase in average debt balances outstanding primarily associated with the delivery of new ships and new build installments as well as higher interest rates due to an increase in LIBOR.

Norwegian Cruise Line's GAAP net income was $198.5 million, or $0.87 per share, for Q2 2017 compared to $145.2 million, or $0.64, in Q2 2016. The Company generated adjusted net income of $232.7 million, or adjusted earnings of $1.02 per share, compared to $192.6 million, or $0.85 per share, in the prior year's same quarter, which was above the Company's guidance of approximately $0.95 per share and Wall Street's expectations of $0.97 per share.

Segment Results

For Q2 2017, Norwegian Cruise Line's Passenger ticket revenues totaled $938.01 million compared to $818.48 million in Q2 2016. The Company's ?Onboard and Other' revenue totaled $406.09 million for the reported quarter compared to $368.36 million in the year ago same period.

Outlook

For Q3 2017, Norwegian Cruise Line is forecasting adjusted net yield to increase approximately 1.75%, or 2% on an as-reported basis. The Company's adjusted earnings for the upcoming quarter is expected to be approximately $1.83 per share

For FY17, Norwegian Cruise Line raised its adjusted net yield guidance by 150 basis points, which is now expected to be approximately 4.25%, or 4% on an as-reported basis. The Company's adjusted net cruise cost, excluding fuel, is now expected to be up approximately 25 basis points to up 1.75% on both a constant currency and as-reported basis and fuel price per metric ton net of hedges is now expected to be $456 with expected consumption of approximately 785,000 metric tons.

Norwegian Cruise Line raised its full year guidance of adjusted earnings per share by $0.14 to a range of $3.93 to $4.03, which surpasses the high-end of its prior full year guidance range.

Stock Performance

On Friday, August 25, 2017, the stock closed the trading session at $57.72, slightly falling 0.02% from its previous closing price of $57.73. A total volume of 1.94 million shares have exchanged hands, which was higher than the 3-month average volume of 1.70 million shares. Norwegian Cruise Line's stock price skyrocketed 13.53% in the last three months, 13.69% in the past six months, and 59.54% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 35.72%. The stock is trading at a PE ratio of 19.51. At Friday's closing price, the stock's net capitalization stands at $13.17 billion.

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