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

Norwegian Cruise Line (NYSE:NCLH) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.900-0.900 for the period, compared to the consensus 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.

Analysts Set New Price Targets

A number of analysts recently weighed in on NCLH shares. Stifel Nicolaus lowered their price target on shares of Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday. TD Cowen upped their price objective on Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Norwegian Cruise Line in a research report on Friday. Wells Fargo & Company dropped their target price on Norwegian Cruise Line from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Loop Capital started coverage on Norwegian Cruise Line in a research note on Monday, June 1st. They set a “buy” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.20.

Norwegian Cruise Line Trading Down 0.4%

NYSE NCLH traded down $0.07 on Friday, reaching $18.64. The company had a trading volume of 10,190,350 shares, compared to its average volume of 20,998,297. The stock’s 50 day moving average is $19.40 and its 200-day moving average is $20.01. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.23 and a beta of 1.87. The company has a quick ratio of 0.18, a current ratio of 0.21 and a debt-to-equity ratio of 5.75. 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 issued its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. Norwegian Cruise Line has set its Q3 2026 guidance at 0.900-0.900 EPS and its FY 2026 guidance at 1.500-1.500 EPS. Equities analysts predict that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Activity

In other news, Director Jonathan Z. Cohen acquired 30,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $15.83 per share, with a total value of $474,900.00. Following the purchase, the director directly owned 38,912 shares of the company’s stock, valued at $615,976.96. The trade was a 336.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Zillah Byng-Thorne acquired 25,015 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $17.67 per share, with a total value of $442,015.05. Following the acquisition, the director owned 99,811 shares of the company’s stock, valued at approximately $1,763,660.37. This trade represents a 33.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 1,592,467 shares of company stock worth $28,493,204 over the last quarter. 0.25% of the stock is owned by insiders.

Norwegian Cruise Line News Roundup

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

• Positive Sentiment: NCLH reported second-quarter revenue of $2.64 billion, up 4.9% year over year, while EPS of $0.48 exceeded the $0.41 consensus estimate. Strong onboard spending and increased capacity also supported results. Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management identified another $100 million in cost savings, with additional efficiencies expected. Wells Fargo and Stifel maintained bullish stances, assigning “overweight” and “buy” ratings, respectively, even though they reduced their price targets to $22 and $25. Benzinga analyst updates
• Neutral Sentiment: NCLH is pursuing a pricing and marketing overhaul to rebuild demand and adopt more competitive fares. The company also sold Oceania’s Sirena, actions that could improve fleet efficiency but highlight the ongoing turnaround effort. NCLH chief outlines pricing and marketing overhaul
• Negative Sentiment: The earnings beat was overshadowed by reduced full-year 2026 EPS guidance of $1.50, below the $1.63 analyst consensus. Management also lowered yield expectations and indicated that the turnaround remains in its early stages. Norwegian Cruise Q2 Earnings and Revenues Beat Estimates
• Negative Sentiment: Softer travel demand, higher fuel costs, operational issues and weaker bookings over the next 12 months are raising concerns that meaningful demand recovery may not arrive until late 2027. These pressures are weighing on near-term profitability and keeping NCLH stock lower despite its relatively inexpensive earnings valuation. NCLH demand recovery outlook

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of Norwegian Cruise Line by 16.5% during the fourth quarter. Invesco Ltd. now owns 10,377,997 shares of the company’s stock worth $231,637,000 after acquiring an additional 1,468,075 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Norwegian Cruise Line by 26.4% in the 4th quarter. Corient Private Wealth LLC now owns 109,972 shares of the company’s stock worth $2,402,000 after purchasing an additional 22,996 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Norwegian Cruise Line by 64.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 61,040 shares of the company’s stock worth $1,362,000 after purchasing an additional 23,936 shares during the period. Vident Advisory LLC increased its holdings in Norwegian Cruise Line by 143.6% during the 4th quarter. Vident Advisory LLC now owns 109,825 shares of the company’s stock worth $2,451,000 after purchasing an additional 64,743 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in Norwegian Cruise Line by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 15,601 shares of the company’s stock valued at $349,000 after buying an additional 824 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.