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

Key Points

• Q2 2026 EPS guidance of $0.38 missed the Street consensus of $0.51, signaling a weaker-than-expected quarter.
• FY 2026 guidance was cut to $1.45–$1.79 EPS from the prior $2.38 target, marking a material downward revision to full-year expectations.
• The stock trades near $18.80 (52‑week range $16.68–$27.18), analysts give a "Moderate Buy" consensus with a $24.76 target, and the company shows high leverage (debt-to-equity ~6.21).

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) 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.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $18.80 on Monday. Norwegian Cruise Line has a 52 week low of $16.68 and a 52 week high of $27.18. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 0.65 and a beta of 1.92. The firm's 50-day simple moving average is $20.21 and its 200 day simple moving average is $20.99. The company has a debt-to-equity ratio of 6.21, a quick ratio of 0.18 and a current ratio of 0.21.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released 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. Norwegian Cruise Line had a net margin of 4.31% and a return on equity of 50.05%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $0.26 EPS. The business's quarterly 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. As a group, sell-side analysts predict that Norwegian Cruise Line will post 2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on NCLH. TD Cowen reissued a "buy" rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. Wolfe Research reissued an "outperform" rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 3rd. Tigress Financial decreased their target price on shares of Norwegian Cruise Line from $38.00 to $32.00 and set a "strong-buy" rating on the stock in a report on Friday, April 17th. Barclays decreased their target price on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Friday, April 10th. Finally, Susquehanna decreased their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.76.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in NCLH. MUFG Securities EMEA plc acquired a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $50,000. Quarry LP boosted its position 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 buying an additional 2,672 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Norwegian Cruise Line by 302.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 3,477 shares of the company's stock worth $78,000 after buying an additional 2,614 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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