Norwegian Cruise Line (NYSE:NCLH) Releases Q4 2025 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its fourth quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.270-0.270 for the period, compared to the consensus estimate of 0.250. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2025 guidance to 2.100-2.100 EPS.

Norwegian Cruise Line Stock Down 7.4%

NCLH stock traded down $1.73 during mid-day trading on Friday, hitting $21.52. 41,363,085 shares of the company were exchanged, compared to its average volume of 20,218,084. The firm has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $22.64. The company has a market capitalization of $9.80 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.58 and a beta of 2.06. Norwegian Cruise Line has a twelve month low of $14.21 and a twelve month high of $27.41. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 6.22.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Barclays lowered Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a research report on Wednesday. Mizuho raised their price objective on Norwegian Cruise Line from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Stifel Nicolaus lowered their target price on shares of Norwegian Cruise Line from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Bank of America raised their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $26.32.

Key Stories Impacting Norwegian Cruise Line

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

• Positive Sentiment: Company raised FY‑2025 and Q4‑2025 EPS guidance (FY EPS 2.10 vs. consensus ~2.03; Q4 EPS 0.27 vs. consensus ~0.25) — suggests stronger near‑term profitability than investors expected.
• Positive Sentiment: Longer‑term bull case: analysts and commentaries highlight a deep valuation discount to peers and potential benefit from a strong wave season, calling the shares an attractive value opportunity. Seeking Alpha
• Positive Sentiment: Value analysts point to favorable style scores that make NCLH appealing to value and contrarian investors. Zacks
• Neutral Sentiment: Company scheduled a conference call to report Q4 and full‑year 2025 results on March 2 — an upcoming event that will provide more color on guidance drivers and margin trends.
• Negative Sentiment: CEO change: Board appointed John W. Chidsey as President & CEO; the initial market reaction was negative, with shares falling after the announcement — investors may be concerned about transition risk and execution under new leadership. Benzinga Press Release
• Negative Sentiment: Analyst downgrades and price‑target cuts followed: JPMorgan trimmed its price target materially (prior $28 → $20) while keeping a neutral rating, and Barclays also downgraded the stock — increased analyst skepticism can pressure the share price. TickerReport / JPMorgan note Barclays
• Negative Sentiment: Coverage notes and reviews emphasize that NCLH has lagged peers (Royal Caribbean, Carnival) and recent commentary led to downgrades/diminished sentiment. Barron’s

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Freestone Grove Partners LP lifted its holdings in shares of Norwegian Cruise Line by 338.8% in the third quarter. Freestone Grove Partners LP now owns 3,690,333 shares of the company’s stock valued at $90,893,000 after buying an additional 2,849,349 shares during the period. Morgan Stanley raised its position in Norwegian Cruise Line by 43.6% in the fourth quarter. Morgan Stanley now owns 8,520,548 shares of the company’s stock worth $190,179,000 after acquiring an additional 2,586,395 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Norwegian Cruise Line by 626.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,771,061 shares of the company’s stock valued at $68,251,000 after acquiring an additional 2,389,540 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $58,404,000. Finally, Mane Global Capital Management LP bought a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at about $39,372,000. Institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.