Norwegian Cruise Line (NYSE:NCLH) Issues FY 2026 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.450-1.790 for the period, compared to the consensus earnings per share estimate of 2.100. The company issued revenue guidance of -. Norwegian Cruise Line also updated its Q2 2026 guidance to 0.380-0.380 EPS.

Norwegian Cruise Line Stock Down 0.0%

Shares of NCLH opened at $18.80 on Monday. The firm has a 50 day simple moving average of $20.21 and a two-hundred day simple moving average of $20.99. The company has a debt-to-equity ratio of 6.21, a current ratio of 0.21 and a quick ratio of 0.18. Norwegian Cruise Line has a one year low of $16.68 and a one year high of $27.18. The company has a market cap of $8.57 billion, a P/E ratio of 21.61, a P/E/G ratio of 0.65 and a beta of 1.92.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Monday, March 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Norwegian Cruise Line had a return on equity of 50.05% and a net margin of 4.31%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. 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. Research analysts forecast that Norwegian Cruise Line will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Norwegian Cruise Line from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 3rd. Bank of America reduced their price target on shares of Norwegian Cruise Line from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 3rd. Finally, Barclays dropped their price objective on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $24.76.

Norwegian Cruise Line News Roundup

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

• Positive Sentiment: Industry tailwind — Royal Caribbean’s strong Q1 results lifted cruise-sector sentiment and briefly supported NCLH shares. Norwegian Cruise Line (NCLH) Stock Trades Up, Here Is Why
• Neutral Sentiment: Q1 reported results: NCLH released its first-quarter 2026 financial results and updated guidance in its Form/press release — showed a slight EPS beat but revenue below expectations; the release contains the detail investors need to parse the guidance change. Norwegian Cruise Line Holdings Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Pre-earnings previews and analyst note compendium — several outlets summarized analyst forecasts and expectations ahead of the print, useful for context but not market-moving by themselves. Norwegian Cruise Line Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Consumer press coverage (positive review of new ship) supports brand perception but has limited immediate impact on near-term earnings. I always recommend Norwegian to first-time cruisers. My trip on its latest $860-a-person ship shows exactly why.
• Negative Sentiment: Q2 guidance cut — NCLH guided Q2 2026 EPS to $0.380 (midpoint) versus the consensus ~$0.51, signaling near-term demand weakness.
• Negative Sentiment: Full-year guidance cut — management lowered FY2026 EPS to $1.45–$1.79 versus consensus ~$2.10, a material downside to street expectations that explains most of the negative reaction.
• Negative Sentiment: Geopolitical & cost pressure — coverage notes the war in Iran is weighing on bookings and driving higher fuel costs, which management cited as drivers of the guidance reduction. Norwegian Cruise Line Stock Sinks. How the War in Iran Is Hitting Its Earnings Forecast.
• Negative Sentiment: Investor skepticism — recent commentary (Ariel investor letter / coverage) highlights that NCLH is still struggling operationally and faces elevated leverage, reinforcing downside risk given the guidance cut. Here’s Why Norwegian Cruise Line Holdings (NCLH) is Struggling Despite Long-Term Potential

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc bought a new stake in Norwegian Cruise Line during the second quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in Norwegian Cruise Line during the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new position in Norwegian Cruise Line during the 4th quarter worth $50,000. Quarry LP boosted its holdings in Norwegian Cruise Line by 89,066.7% during the 4th quarter. Quarry LP now owns 2,675 shares of the company’s stock worth $60,000 after acquiring an additional 2,672 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Norwegian Cruise Line by 302.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 3,477 shares of the company’s stock worth $78,000 after acquiring an additional 2,614 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

About Norwegian Cruise Line

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.