Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of clear operational and financial progress (Q4 and FY2025 EBITDA, margin and EPS gains, cost discipline, strong luxury bookings, strategic fleet orders, and positive early results from Great Stirrup Cay) alongside meaningful near-term challenges driven by execution missteps, a premature 40% capacity increase in the Caribbean, behind-curve bookings, and revised 2026 top-line guidance (Q1 yield decline and full-year yields roughly flat). Management has refreshed leadership, is prioritizing revenue management and technology investment, and expects cost discipline to continue, but acknowledged that meaningful top-line recovery will take time to materialize given booking lead times. On balance, positive historical results and structural fixes are counterbalanced by material short-term execution and guidance headwinds, so the overall tone is cautious and focused on a multi-quarter turnaround.Company Guidance
Fourth Quarter Outperformance and Strong Q4 Metrics
Q4 net yields grew 3.8%; adjusted net cruise cost ex fuel per capacity day was $158 (up only 0.2%); adjusted EBITDA for the quarter was $564,000,000; adjusted net income was $130,000,000 and adjusted EPS was $0.28 (note: excludes an ~ $95,000,000 / $0.20 IT-related write-off).
Full-Year 2025 Financial Improvement
FY2025 net yields rose 2.4%; adjusted EBITDA increased 11% to $2,730,000,000; adjusted operational EBITDA margin improved 160 basis points to 37.1%; adjusted EPS increased 19% to $2.11; unit costs (adjusted net cruise cost ex fuel per capacity day) rose only 0.7%—well below inflation.
Sustained Cost Discipline and Savings Program
Company delivered nearly three consecutive years of sub-inflationary unit cost growth and is progressing on a $300,000,000+ savings target; 2026 full-year unit cost growth guidance ~0.9% (well below inflation) and Q1 unit cost expected to decline ~0.8%.
Luxury Portfolio Strength and Booking Momentum
Oceania Sonata launch booking day exceeded the prior Oceania Laura launch by 45%; Regent (luxury) January bookings were up 20% year-over-year, indicating strong demand in the luxury segment.
Strategic Fleet Investment and Future Growth Capacity
Announced new ship orders across all three brands and now have 17 ships on order slots through 2037; management notes modest initial capital outlays on these orders with no material near-term leverage impact expected from the orders themselves.
Great Stirrup Cay Enhancements and Early Positive Guest Feedback
Opened a new pier, expanded pool, and enhanced amenities on Great Stirrup Cay with strong early guest satisfaction; Great Tides Waterpark slated to open later this summer, expected to further strengthen demand into 2027 and monetize private-destination strategy.
Fuel Hedging and Lower Fuel Consumption Trend
Approximately 51% of 2026 fuel hedged (27% hedged for 2027); management expects continued control over fuel consumption with implied forecast showing lower fuel consumption per capacity day (2025 down ~6% y/y; 2026 implied down ~3%).
Leadership Refresh and Focus on Revenue/Technology
New CEO (John Chidze) and an essentially refreshed executive team in critical functions; management has prioritized investments in revenue management and customer-facing technology to drive future yield improvement.
CH:1NC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Norwegian Cruise Line (CH:1NC) report earnings?
Norwegian Cruise Line (CH:1NC) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Norwegian Cruise Line (CH:1NC) earnings time?
Norwegian Cruise Line (CH:1NC) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Norwegian Cruise Line stock?
The P/E ratio of Norwegian Cruise Line is N/A.
What is CH:1NC EPS forecast?
CH:1NC EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.
