Norwegian Cruise Line (NYSE:NCLH) Releases Q1 2026 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.160-0.160 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2026 guidance to 2.380-2.380 EPS.

Norwegian Cruise Line Trading Down 4.0%

Shares of Norwegian Cruise Line stock opened at $21.30 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 6.22. The company has a market capitalization of $9.69 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00. The stock has a fifty day simple moving average of $22.79 and a 200 day simple moving average of $22.54. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $27.18.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Monday, March 2nd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.34 billion. Norwegian Cruise Line had a net margin of 4.31% and a return on equity of 53.56%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. Norwegian Cruise Line has set its Q1 2026 guidance at 0.160-0.160 EPS and its FY 2026 guidance at 2.380-2.380 EPS. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Norwegian Cruise Line from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday. TD Cowen reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho cut their price target on shares of Norwegian Cruise Line from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Susquehanna cut their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Norwegian Cruise Line News Roundup

Here are the key news stories impacting Norwegian Cruise Line this week:

• Positive Sentiment: Q4 EPS slightly beat estimates (reported $0.28 vs. ~$0.27 expected), showing underlying profitability improvement. Q4 Earnings Call Transcript
• Positive Sentiment: Wells Fargo remains bullish with an “overweight” rating despite trimming its target to $32, signaling at least one major analyst still sees substantial upside. Benzinga
• Positive Sentiment: Management’s FY‑2026 EPS guide ($2.38) is roughly in line with or a touch above some consensus figures, which provides a modest longer‑term earnings anchor despite weak near‑term guide.
• Neutral Sentiment: Unusually large call‑option activity (≈49k calls) indicates speculative/bullish trading interest that could fuel volatility or a rebound if sentiment improves.
• Neutral Sentiment: Barclays trimmed its target to $22 and set an “equal weight” rating — a modest adjustment that leaves upside limited but not bearish. TickerReport
• Neutral Sentiment: Activist investor Elliott called for board changes after the print — activism can be a catalyst for governance/operational fixes, but often increases near‑term uncertainty. Elliott Management Statement
• Negative Sentiment: Revenue missed estimates ($2.24B vs. ~$2.34B expected) and the Q1 guide was sharply below consensus (Q1 EPS guide $0.16 vs. ~$0.40 expected) — the weak short‑term outlook is the primary driver of selling pressure. Weak Earnings & Outlook
• Negative Sentiment: Management cited “mistimed” Caribbean capacity increases and execution gaps in Europe/Alaska that will weigh on 2026 results — operational missteps raise concern over near‑term revenue and margins. Operational Missteps Coverage
• Negative Sentiment: Surging oil prices amid U.S.-Iran tensions increase fuel cost risk (only ~51% hedged for 2026), putting pressure on margins and travel demand; broader travel sector weakness is amplifying the selloff. Barron’s: Perfect Storm
• Negative Sentiment: Multiple analysts trimmed price targets (JPMorgan to $19, Susquehanna to $20), signaling lowered near‑term expectations and adding selling pressure. Benzinga

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Norwegian Cruise Line by 26.7% in the first quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock worth $439,000 after acquiring an additional 4,872 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Norwegian Cruise Line by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock worth $917,000 after buying an additional 2,002 shares during the period. Woodline Partners LP grew its position in shares of Norwegian Cruise Line by 40.7% during the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock worth $704,000 after purchasing an additional 10,743 shares in the last quarter. Jump Financial LLC grew its holdings in Norwegian Cruise Line by 133.0% during the 2nd quarter. Jump Financial LLC now owns 38,904 shares of the company’s stock valued at $789,000 after buying an additional 22,204 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Norwegian Cruise Line by 5.1% during the second quarter. California Public Employees Retirement System now owns 766,825 shares of the company’s stock valued at $15,551,000 after buying an additional 37,071 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.