Norwegian Cruise Q3 revenue and adjusted EPS beat estimates
Overview
US cruise operator's Q3 revenue beat analyst expectations
Adjusted EPS for Q3 exceeded analyst expectations
Company raised full-year 2026 adjusted EBITDA and EPS guidance
Outlook
Norwegian raises 2026 full-year Adjusted EBITDA guidance to ~$2.55 bln
Company expects 2026 full-year Adjusted EPS of ~$1.70
Q4 2026 Adjusted EBITDA expected to be $414 mln
Result Drivers
CLOSE-IN DEMAND & ONBOARD SPEND - Co said stronger-than-expected close-in demand and higher onboard spending drove Q3 results above guidance
COST DISCIPLINE - Co said continued cost discipline led to lower-than-expected unit costs, supporting profitability
BOOKING POSITION - Co said its booked position for the next 12 months has improved modestly since last earnings release but remains below optimal range
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $2.95 bln | $2.88 bln (19 Analysts) |
Q3 Adjusted EPS | Beat | $1.12 | $0.94 (21 Analysts) |
Q3 EPS | $1.07 | ||
Q3 Net Income | $491.47 mln | ||
Q3 Cruise Operating Expenses | $1.67 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 17 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."
Wall Street's median 12-month price target for Norwegian Cruise Line Holdings Ltd. is $18.50, about 15.2% above its October 28 closing price of $16.06
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Oct 27 - Royal Caribbean beats profit expectations on strong booking volumes
Oct 28 - Norwegian Air Q3 operating margin rises to 21.4% on summer travel demand
Oct 28 - Chilis owner Brinker posts higher Q1 revenue on menu price hike; raises guidance
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)