FY2026 Earnings Forecast for NCLH Issued By Zacks Research

Posted by Stanley Muller on Jul 9th, 2026

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) – Analysts at Zacks Research raised their FY2026 EPS estimates for shares of Norwegian Cruise Line in a research note issued to investors on Tuesday, July 7th. Zacks Research analyst Team now expects that the company will earn $1.51 per share for the year, up from their previous forecast of $1.50. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Norwegian Cruise Line’s current full-year earnings is $1.51 per share. Zacks Research also issued estimates for Norwegian Cruise Line’s Q4 2026 earnings at $0.03 EPS, Q1 2027 earnings at $0.08 EPS, Q2 2027 earnings at $0.43 EPS, Q3 2027 earnings at $1.02 EPS, Q4 2027 earnings at $0.11 EPS, FY2027 earnings at $1.65 EPS, Q2 2028 earnings at $0.42 EPS and FY2028 earnings at $1.99 EPS.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. Norwegian Cruise Line had a net margin of 5.66% and a return on equity of 47.84%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. 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.

Several other equities research analysts also recently weighed in on the company. Truist Financial cut their price objective on Norwegian Cruise Line from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $19.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Norwegian Cruise Line from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $14.00 price target on Norwegian Cruise Line in a research note on Tuesday, May 5th. Finally, UBS Group reduced their price target on Norwegian Cruise Line from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.55.

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Norwegian Cruise Line Stock Down 1.8%

Shares of NYSE:NCLH opened at $18.50 on Thursday. Norwegian Cruise Line has a 52-week low of $14.53 and a 52-week high of $27.18. The company has a market capitalization of $8.49 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.87. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.18 and a current ratio of 0.21. The company has a fifty day moving average of $18.42 and a 200-day moving average of $20.41.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its position in shares of Norwegian Cruise Line by 26.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock valued at $439,000 after purchasing an additional 4,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Norwegian Cruise Line by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after buying an additional 2,002 shares during the period. Woodline Partners LP lifted its stake in Norwegian Cruise Line by 40.7% in the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock valued at $704,000 after buying an additional 10,743 shares during the period. Jump Financial LLC boosted its holdings in shares of Norwegian Cruise Line by 133.0% during the 2nd quarter. Jump Financial LLC now owns 38,904 shares of the company’s stock worth $789,000 after buying an additional 22,204 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Norwegian Cruise Line by 5.1% during the 2nd quarter. California Public Employees Retirement System now owns 766,825 shares of the company’s stock worth $15,551,000 after buying an additional 37,071 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Zillah Byng-Thorne bought 4,452 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $17.83 per share, with a total value of $79,379.16. Following the completion of the purchase, the director directly owned 25,742 shares of the company’s stock, valued at approximately $458,979.86. This represents a 20.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan Z. Cohen bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $15.83 per share, for a total transaction of $474,900.00. Following the acquisition, the director owned 38,912 shares of the company’s stock, valued at $615,976.96. This trade represents a 336.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 1,592,467 shares of company stock valued at $28,493,204. Company insiders own 0.25% of the company’s stock.

Norwegian Cruise Line News Roundup

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

Positive Sentiment: Zacks Research lifted its EPS estimates for several future quarters and full years, signaling stronger expected earnings growth for Norwegian Cruise Line Holdings. Norwegian Cruise Line stock page
Positive Sentiment: FY2026 earnings were nudged higher to $1.51 per share, matching the consensus estimate and reinforcing expectations for steady near-term profitability.
Positive Sentiment: Longer-term estimates also improved, with FY2027 raised to $1.65 and FY2028 to $1.99, which may support investor confidence in the company’s earnings trajectory.
Neutral Sentiment: Despite the higher estimates, Zacks kept its rating at Hold, indicating the firm sees limited immediate upside relative to risk.
Negative Sentiment: Separate recent coverage noted that Norwegian Cruise Line was removed from several Russell growth benchmarks, which could reduce passive fund demand and create some technical pressure on the shares. Russell index removals article
Negative Sentiment: Broader cruise-sector commentary has favored Royal Caribbean and Viking over NCLH, suggesting investors remain cautious about Norwegian Cruise Line’s competitive positioning. Cruise sector analyst article

Norwegian Cruise Line Company Profile

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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.