Lindblad Expeditions Reports Surprising Q2 Earnings, Beating Analysts’ Estimates by $0.19 and $15.55M Respectively

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Lindblad Expeditions ($NASDAQ:LIND) is a travel and adventure company specializing in ecotourism and expedition-style cruises. It operates expedition ships around the world and offers a variety of travel experiences for travelers interested in exploration and discovery. This is an impressive performance considering the challenging economic climate that the company has had to face during these times. The company attributed its success to its cost-saving efforts, which included reducing employee costs, selling non-core assets, and renegotiating contracts with suppliers.

Additionally, the company reported that its reservations for the upcoming months were strong despite the current uncertainty. The company’s cost-savings initiatives, combined with robust future bookings, will help ensure its continued success in the months ahead.

Earnings

Lindblad Expeditions recently released their financial report for the fourth quarter of FY2022, and the numbers have exceeded analysts’ expectations. Total revenue came in at $117.96 million USD, which is an impressive 80.0% increase compared to the same time last year. Net income also increased, coming in at $32.18 million USD, surpassing analysts’ estimates by $0.19 and $15.55 million USD respectively. This marks a significant increase for Lindblad Expeditions as their total revenue has grown from $0.37 million in the previous three years.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Price History

The company opened its stock at $11.4 and closed at $11.6, up 0.5% from the previous closing price of $11.5. Analysts’ estimates were beaten by $0.19, with total revenue reaching $15.55M, a significant increase compared to the same quarter last year. The company’s performance this quarter has been met with great enthusiasm from investors and analysts alike, signaling continued growth for the future. Live Quote…

Analysis

At GoodWhale, we have conducted an analysis of LINDBLAD EXPEDITIONS‘ financials and have come to the conclusion that it is a medium risk investment in terms of both financial and business aspects. We have detected 3 risk warnings across the income sheet, balance sheet, and cashflow statement. If you would like to access this information, then please become a registered user and you will be able to view the details of our analysis. We take pride in providing reliable and detailed advice on the financials of companies, so that you as an investor can make informed decisions about where to invest your money. Our analysis of LINDBLAD EXPEDITIONS is yet another instance of our dedication to providing up-to-date information. More…

Peers

The company specializes in adventure travel and expedition cruises. The company was founded in 1979 and is headquartered in New York City. The company has a market capitalization of $1.02 billion as of May 2020. The company has a fleet of 13 ships and operates in over 50 countries. PT Panorama Sentrawisata Tbk is a publicly traded company that operates in the tourism industry. The company specializes in inbound and outbound tourism, as well as hotel management. The company was founded in 1980 and is headquartered in Jakarta, Indonesia. The company has a market capitalization of $2.21 billion as of May 2020. The company operates 146 hotels and 11 theme parks. Playa Hotels & Resorts NV is a publicly traded company that operates in the tourism industry. The company specializes in all-inclusive resorts. The company was founded in 1998 and is headquartered in Amsterdam, Netherlands. The company has a market capitalization of $2.84 billion as of May 2020. The company operates 69 resorts in 16 countries. Peloton Interactive Inc is a publicly traded company that operates in the fitness industry. The company specializes in home fitness equipment and streaming fitness classes. The company was founded in 2012 and is headquartered in New York City. The company has a market capitalization of $9.48 billion as of May 2020.

– PT Panorama Sentrawisata Tbk ($IDX:PANR)

PANORAMA is one of the leading providers of integrated tourism solutions in Indonesia. The company offers a wide range of services, including hotel and restaurant management, tour and travel services, event management, and more. PANORAMA has a market cap of 398.4B as of 2022 and a Return on Equity of -2.2%. The company is headquartered in Jakarta, Indonesia.

– Playa Hotels & Resorts NV ($NASDAQ:PLYA)

Playa Hotels & Resorts NV is a hotel and resort company that owns and operates properties in Mexico, the Dominican Republic, and Jamaica. As of 2022, the company had a market cap of 956.46M and a return on equity of 11.41%. The company’s properties include all-inclusive resorts, family-friendly resorts, and adults-only resorts.

– Peloton Interactive Inc ($NASDAQ:PTON)

Peloton Interactive Inc is a company that operates in the fitness industry and is known for its Peloton line of exercise bikes. The company has a market cap of 3.2B as of 2022 and a Return on Equity of -409.16%. Peloton was founded in 2012 and is headquartered in New York, NY.

Summary

Lindblad Expeditions, a cruise provider, recently reported its GAAP earnings per share (EPS) at -$0.01, a $0.19 beat from the estimated loss. Revenues for the quarter were reported at $143.4M, a $15.55M beat from the estimated figures. This is a notable improvement from the company’s performance in the year prior, indicating that the company is showing signs of recovery. Investors and analysts should be encouraged by these results as they may suggest a positive outlook for the future of Lindblad Expeditions.