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

Norwegian Cruise Line (NYSE:NCLH) updated its second quarter 2026 earnings guidance on Monday. 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCLH. Wells Fargo & Company cut their target price on shares of Norwegian Cruise Line from $26.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. Stifel Nicolaus cut their price objective on Norwegian Cruise Line from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, April 20th. The Goldman Sachs Group set a $14.00 target price on Norwegian Cruise Line in a research note on Tuesday. Finally, Susquehanna decreased their target price on Norwegian Cruise Line from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.50.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $16.94 on Wednesday. The stock has a 50 day simple moving average of $20.06 and a 200 day simple moving average of $20.94. The stock has a market cap of $7.78 billion, a P/E ratio of 14.23, a PEG ratio of 0.59 and a beta of 1.92. Norwegian Cruise Line has a 1-year low of $16.78 and a 1-year high of $27.18. The company has a current ratio of 0.21, a quick ratio of 0.18 and a debt-to-equity ratio of 5.75.

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 analysts’ consensus estimates of $0.15 by $0.08. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. 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. Research analysts anticipate that Norwegian Cruise Line will post 2 earnings per share for the current year.

Norwegian Cruise Line News Roundup

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

• Positive Sentiment: Q1 results beat on EPS and showed revenue growth (year?over?year), and the company reported positive GAAP net income and solid adjusted EBITDA — evidence the business can generate cash despite headwinds. Norwegian Cruise Line Holdings Reports First Quarter 2026 Financial Results
• Positive Sentiment: New CEO Frank Del Rio successor plan (Chidsey) and a public turnaround strategy plus announced expense cuts could reassure investors if execution improves. New NCLH CEO Chidsey Charts Turnaround Plan
• Neutral Sentiment: Broader market and sector pressure from renewed Middle East tensions pushed oil and travel?sensitive stocks lower today; that macro volatility is a key external risk for cruise demand and fuel costs. Stock Market News for May 5, 2026
• Negative Sentiment: NCLH cut its FY2026 guidance and flagged a yield reset (guidance now assumes lower net yields), citing softer demand and higher fuel costs — the guidance reset is the primary, company-specific reason for today’s weakness. Norwegian Cruise Line Cuts Outlook as Headwinds Build
• Negative Sentiment: Multiple Wall Street firms cut price targets and trimmed forecasts after the company’s yield reset and lowered outlook — a coordinated analyst reaction that amplifies selling pressure. Norwegian Cruise Line Just Got a Wall Street Beatdown
• Negative Sentiment: Block & Leviton has opened a securities?fraud investigation into NCLH, creating regulatory/legal overhang and potential distraction or costs for management. $NCLH: Securities Fraud Investigation by Block & Leviton

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. MUFG Securities EMEA plc acquired a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in Norwegian Cruise Line during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $50,000. Quarry LP lifted its position in shares of Norwegian Cruise Line by 89,066.7% during the 4th quarter. Quarry LP now owns 2,675 shares of the company’s stock valued at $60,000 after acquiring an additional 2,672 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of 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 purchasing an additional 2,614 shares in the last quarter. Institutional investors and hedge funds 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.