Norwegian Cruise Line Holdings Ltd. · NCLH · Next earnings

Norwegian Cruise Line Holdings Ltd. reports Monday, Mar 1, 2027

NCLH reports before market open with consensus EPS at $-0.06 and revenue at $2.19B. Last quarter: NCLH raises guidance as turnaround gains traction

Reports Before market open116 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $-0.06 Calendar consensus
Consensus revenue $2.19B Calendar consensus
Report date Mar 1, 2027 Monday, date estimated
Session Before market open 116 days away

Where NCLH left off: FY2026 Q3

Full report

NCLH raises guidance as turnaround gains traction

EPS surprise +19.9% Reported $1.12 vs $0.93
Revenue surprise +2.3% Reported $2.95B vs $2.88B
Stock move +13.4% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year adjusted EBITDA guidance to $2.55 billion and EPS guidance to $1.70; net-yield decline is now projected at 4.4% in constant currency.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Close-in booking volatility and uncertain demand sustainability.
  • Fuel, inflation and geopolitical pressures on demand and costs.
  • Leverage of 6.5–7 times EBITDA and potential delays to deleveraging.

Questions analysts left open

  • Confidence in the projected 2027 net-yield improvement.
  • Whether baseloading improves pricing without hurting load factors.
  • Leverage reduction timing and the risk of an equity raise.

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Recent NCLH quarters

All NCLH earnings
+13.4%FY2026 Q3-9.8%FY2026 Q2-10.5%FY2025 Q4+9.2%FY2025 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.