Cruise company Norwegian Cruise Line (NYSE:NCLH) will be reporting earnings tomorrow before market open. Here's what you need to know.

Norwegian Cruise Line beat analysts' revenue expectations by 1.2% last quarter, reporting revenues of $1.99 billion, up 30.8% year on year. It was a mixed quarter for the company, with optimistic earnings guidance for the next quarter but a miss of analysts' earnings estimates.

Is Norwegian Cruise Line a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Norwegian Cruise Line's revenue to grow 22.7% year on year to $2.24 billion, slowing from the 249% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Norwegian Cruise Line has missed Wall Street's revenue estimates twice over the last two years.

Looking at Norwegian Cruise Line's peers in the hotels, resorts and cruise lines segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wyndham's revenues decreased 2.6% year on year, missing analysts' expectations by 1.1%, and Travel + Leisure reported revenues up 4.2%, topping estimates by 1.3%. Wyndham traded up 4.8% following the results while Travel + Leisure's stock price was unchanged.

Read our full analysis of Wyndham's results here and Travel + Leisure's results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the hotels, resorts and cruise lines stocks have fared somewhat better, they have not been spared, with share prices down 6.2% on average over the last month. Norwegian Cruise Line is down 8.7% during the same time and is heading into earnings with an average analyst price target of $21.5 (compared to the current share price of $19.12).

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