Lindblad Expeditions (NASDAQ:LIND) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Lindblad Expeditions (NASDAQ:LIND) posted its quarterly earnings results on Tuesday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08, Zacks reports.

Here are the key takeaways from Lindblad Expeditions’ conference call:

• Record financial and operational results: Q1 revenues rose 15.7% to $208M with adjusted EBITDA up 16% to $34.8M, net income of $6M versus a loss a year ago, cash of $321M, free cash flow of $42.6M, and net leverage down to 2.7x (Moody’s upgrade).
• Weather in Antarctica and cancellations of Egyptian river cruises related to the war in Iran caused multi-million dollar revenue losses and higher land costs, while fuel pressure has increased costs (fuel was 5.2% of Lindblad revenue and 3.9% of company revenue in Q1).
• Commercial momentum is strong: 2026 booking pace is maintained, 2027 bookings are accelerating, onboard sales convert >25% of guests to their next voyage, Disney-sourced bookings rose 67%, and Land Experiences revenue grew 14% with notably higher EBITDA (including a ~$3M timing benefit).
• Company is maintaining its full-year guidance (available guest nights +4.5–5%, net yield +4–5%, revenue $800–850M, adjusted EBITDA $130–140M) while executing cost and fuel-efficiency initiatives (propeller/hull maintenance, contract renegotiations, crew travel optimization) to protect margins.

Lindblad Expeditions Price Performance

NASDAQ LIND traded up $2.60 during trading hours on Tuesday, reaching $20.44. The company’s stock had a trading volume of 388,082 shares, compared to its average volume of 764,645. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -32.59 and a beta of 2.22. Lindblad Expeditions has a 1-year low of $9.34 and a 1-year high of $21.59. The company’s 50-day moving average is $18.43 and its two-hundred day moving average is $15.88.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 181,389 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $18.04, for a total transaction of $3,272,257.56. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $423,326.64. This represents a 88.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Fahey, Jr. sold 7,768 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total value of $137,182.88. Following the transaction, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. The trade was a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 314,159 shares of company stock worth $5,627,756. 34.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $57,000. Royal Bank of Canada grew its position in shares of Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

LIND has been the topic of several research analyst reports. Oppenheimer initiated coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Benchmark boosted their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus boosted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.