Norwegian Cruise Line Holdings is forecasting adjusted earnings per share of $2.38 for fiscal 2026, falling short of the LSEG consensus estimate of $2.55.
This muted outlook is attributed to elevated costs, including fuel and foreign exchange, despite strong demand for premium vacations. The company also cited "certain execution missteps" and weaker bookings entering 2026, with analysts pointing to misaligned Caribbean capacity and delays in new attractions.
Geopolitical tensions are adding uncertainty, particularly regarding fuel costs, though the company is not currently operating in affected Middle East regions. Shares of Norwegian and its peers, Carnival Corp and Royal Caribbean, saw declines amid broader market selloffs.
Activist investor Elliott Management has also disclosed a significant stake and is pushing for changes.
Norwegian Cruise Line Says Caribbean Missteps Will Weigh on 2026(current)
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