Norwegian Cruise Line (NYSE:NCLH) Updates Q3 2026 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.900-0.900 for the period, compared to the consensus EPS estimate of 0.890. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2026 guidance to 1.500-1.500 EPS.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $1.92 during midday trading on Thursday, reaching $18.84. 36,434,087 shares of the company’s stock were exchanged, compared to its average volume of 21,077,453. The stock’s 50-day simple moving average is $19.35 and its 200 day simple moving average is $20.05. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.26 and a beta of 1.87. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.18 and a current ratio of 0.21. Norwegian Cruise Line has a 52 week low of $14.53 and a 52 week high of $27.18.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Norwegian Cruise Line had a net margin of 5.66% and a return on equity of 47.84%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Norwegian Cruise Line has set its Q2 2026 guidance at 0.380-0.380 EPS and its FY 2026 guidance at 1.450-1.790 EPS. On average, analysts expect that Norwegian Cruise Line will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NCLH. Stifel Nicolaus cut their price objective on shares of Norwegian Cruise Line from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Truist Financial lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Thursday, July 23rd. Barclays dropped their target price on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $19.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Freedom Capital upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.60.

Insider Buying and Selling at Norwegian Cruise Line

In related news, CEO John Chidsey acquired 153,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $16.37 per share, for a total transaction of $2,504,610.00. Following the completion of the transaction, the chief executive officer directly owned 1,139,940 shares of the company’s stock, valued at $18,660,817.80. The trade was a 15.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Z. Cohen acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $474,900.00. Following the completion of the purchase, the director directly owned 38,912 shares in the company, valued at $615,976.96. This trade represents a 336.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,592,467 shares of company stock worth $28,493,204 in the last three months. 0.25% of the stock is currently owned by company insiders.

Trending Headlines about Norwegian Cruise Line

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

• Positive Sentiment: Second-quarter revenue increased 4.9% year over year to approximately $2.64 billion, while GAAP net income reached $223 million and EPS was about $0.48. Adjusted EPS exceeded analyst expectations, supported by higher onboard spending, increased capacity and cost-control measures. Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results
• Positive Sentiment: NCLH identified another $100 million in cost savings, with additional efficiencies potentially available. These savings could help offset softer demand, inflation and fuel expenses. NCLH Finds Another $100 Million in Cost Savings
• Neutral Sentiment: The company is adopting a more competitive pricing strategy to stimulate bookings and improve commercial execution. While this may support occupancy, it could also pressure ticket yields and profitability. Norwegian Pivots to Adopt More Competitive Pricing Strategy
• Neutral Sentiment: NCLH sold Oceania’s Sirena, a fleet-optimization move that could generate liquidity and reduce operating costs, although the transaction also removes some capacity. NCLH Sells Oceania Sirena
• Negative Sentiment: Management reduced its full-year 2026 adjusted EPS outlook to about $1.50, below the roughly $1.63 consensus estimate, and expects weaker net yields. Third-quarter guidance was broadly in line with expectations, but did not offset the full-year reduction.
• Negative Sentiment: Executives described the turnaround as being in its early stages and said the company is underbooked for the next 12 months. Softer demand, macroeconomic pressure, operational issues, higher fuel costs and weaker pricing are limiting earnings visibility. Norwegian Cruise Line Turnaround Update

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its stake in Norwegian Cruise Line by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,381 shares of the company’s stock valued at $280,000 after purchasing an additional 569 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Norwegian Cruise Line by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 207,598 shares of the company’s stock worth $4,637,000 after buying an additional 610 shares in the last quarter. United Capital Financial Advisors LLC raised its position in Norwegian Cruise Line by 4.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 15,443 shares of the company’s stock valued at $380,000 after buying an additional 677 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in Norwegian Cruise Line by 6.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 12,381 shares of the company’s stock valued at $276,000 after acquiring an additional 702 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in Norwegian Cruise Line by 3.4% during the 3rd quarter. Norinchukin Bank The now owns 21,798 shares of the company’s stock worth $537,000 after acquiring an additional 710 shares during the last quarter. Institutional investors and hedge funds 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.