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Norwegian Cruise Q3 revenue and adjusted EPS beat estimates

By Reuters News


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.)

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