News about NCLH

Norwegian Cruise Line (NCLH) shares rose more than 13% on Thursday after the company reported third-quarter profit above expectations. Revenue edged up less than 1% year over year to $2.9 billion, helped by more last-minute bookings and higher onboard spending, while expense cuts offset higher fuel costs tied to the Middle East conflict. Adjusted net cruise cost excluding fuel per capacity day fell 2.2% to $152. Adjusted net income reached $514 million, or $1.12 per share, beating Wall Street's projection of $0.93, and asset sales combined with profits are helping the company pay down debt. The company raised its full-year adjusted net income forecast to $789 million, or $1.70 per share, from a previous $700 million, or $1.50 per share.

Norwegian Cruise Line Holdings (NYSE:NCLH) rose 11% to $17.87 after reporting Q3 2026 adjusted earnings of $1.12 per share, above the $0.94 consensus, and revenue of $2.95 billion, essentially flat year over year. Adjusted EBITDA reached $937 million, above the company's $874 million guidance, and net yield fell 6.7% in constant currency, less than the 8.9% decline it had guided. Norwegian raised its full-year outlook to about $2.55 billion in adjusted EBITDA and about $1.70 in adjusted EPS, and it forecasts 2027 net yield growth of 1% to 2%. The company still expects an adjusted loss of about $0.12 per share in Q4. Royal Caribbean rose 3% to $306.82 and Carnival gained 2% to $28.74, with traders treating the beat as a read on cruise demand across the group.

JPMorgan downgraded Norwegian Cruise Line Holdings (NCLH) to Underweight ahead of its Q3 report, citing concern about possible pressure on net yield estimates for the second half of 2027. The stock has fallen 31.78% year to date and 33.82% over one year, though it rose 9.28% over the past month and closed at US$15.54. The most followed narrative assigns a fair value of $19.44, implying about 20% undervaluation, and expects fleet renewal to cut growth capex by about US$1b annually from 2028, which could free cash flow for deleveraging. A separate SWS DCF model estimates a future cash flow value of just $3.87, far below the share price, which the article frames as a question of whether reported earnings or long-term cash flows should be the yardstick.