Skip to main content

Why Are Lindblad Expeditions (LIND) Shares Soaring Today

LIND Cover Image

What Happened?

Shares of cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) jumped 25.1% in the afternoon session after the company reported third-quarter results that blew past analysts' sales and EPS expectations. Revenue was supported by the expansion of fleet and land experiences as the company reiterated its focus on delivering high-quality travel packages. 

On the other hand, its full-year revenue guidance was underwhelming, although this was offset by strong EBITDA guidance ahead of expectations. Overall, we think this was a solid quarter with some key areas of upside.

Is now the time to buy Lindblad Expeditions? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Lindblad Expeditions’s shares are extremely volatile and have had 37 moves greater than 5% over the last year. But moves this big are rare even for Lindblad Expeditions and indicate this news significantly impacted the market’s perception of the business.

Lindblad Expeditions is up 7.8% since the beginning of the year, and at $11.67 per share, has set a new 52-week high. Investors who bought $1,000 worth of Lindblad Expeditions’s shares 5 years ago would now be looking at an investment worth $771.83.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.