Norwegian Cruise Line (NYSE:NCLH) Issues Q2 2026 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its second quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.380-0.380 for the period, compared to the consensus estimate of 0.510. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2026 guidance to 1.450-1.790 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NCLH shares. Bank of America cut their target price on shares of Norwegian Cruise Line from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. dropped their price objective on Norwegian Cruise Line from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. TD Cowen reissued a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. Zacks Research upgraded Norwegian Cruise Line from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Norwegian Cruise Line from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.82.

Norwegian Cruise Line Trading Down 8.6%

NYSE NCLH opened at $17.20 on Tuesday. Norwegian Cruise Line has a 52 week low of $16.78 and a 52 week high of $27.18. The company has a 50 day moving average price of $20.21 and a 200 day moving average price of $20.99. The company has a quick ratio of 0.18, a current ratio of 0.21 and a debt-to-equity ratio of 6.21. The firm has a market cap of $7.84 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.92.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Norwegian Cruise Line had a return on equity of 50.05% and a net margin of 4.31%.The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The business’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. As a group, sell-side analysts forecast that Norwegian Cruise Line will post 2 EPS for the current fiscal year.

Key Headlines Impacting Norwegian Cruise Line

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

• Positive Sentiment: Q1 beat on profit and revenue growth: NCLH reported $0.23 GAAP EPS (above consensus) and ~10% year‑over‑year revenue growth, showing operating recovery vs. last year. Press release: Q1 results
• Positive Sentiment: Solid adjusted EBITDA: The company delivered meaningful adjusted EBITDA in Q1, a sign cash‑generation is improving despite near‑term pressures. Press release: Q1 metrics
• Neutral Sentiment: Earnings materials and call available for details—investors can review the transcript and slide deck for commentary on bookings, fuel hedges and cost actions. Earnings call transcript
• Negative Sentiment: Guidance reset: NCLH cut FY 2026 EPS to $1.45–1.79 (consensus ~2.10) and Q2 to $0.38 (vs. est. ~$0.51), signaling a material downward revision to the profit outlook. MarketBeat: Cuts outlook
• Negative Sentiment: Geopolitical and fuel cost headwinds: Management pointed to rising fuel prices and travel uncertainty from the Middle East conflict as key drivers of the weaker guidance and softer bookings. Barron’s: War in Iran hits earnings forecast
• Negative Sentiment: Revenue/booking softness: Revenue missed Street expectations and management signaled demand softness and execution issues, which analysts say justifies further caution. Zacks: Revenues miss
• Negative Sentiment: Legal risk: A Block & Leviton investigation into potential securities‑law violations introduces additional downside risk and potential distraction. GlobeNewswire: Investigation

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Norwegian Cruise Line by 0.4% in the 4th quarter. State Street Corp now owns 16,304,827 shares of the company’s stock valued at $363,924,000 after acquiring an additional 66,329 shares during the last quarter. 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 valued at $231,637,000 after acquiring an additional 1,468,075 shares during the last quarter. Morgan Stanley boosted its stake in shares of Norwegian Cruise Line by 43.6% in the fourth quarter. Morgan Stanley now owns 8,520,548 shares of the company’s stock valued at $190,179,000 after purchasing an additional 2,586,395 shares during the period. AQR Capital Management LLC grew its holdings in shares of Norwegian Cruise Line by 1,505.9% in the fourth quarter. AQR Capital Management LLC now owns 6,793,256 shares of the company’s stock valued at $151,625,000 after purchasing an additional 6,370,241 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,743,800 shares of the company’s stock worth $150,522,000 after buying an additional 137,160 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.