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Norwegian Cruise Earnings Calls

Mar 31, 2025
$0.0700 (-22.22%)
Release date Apr 30, 2025
EPS estimate $0.0900
EPS actual $0.0700
EPS Surprise -22.22%
Revenue estimate 2.558B
Revenue actual 2.128B
Revenue Surprise -16.83%
Dec 31, 2024
$0.260 (160.00%)
Release date Feb 27, 2025
EPS estimate $0.100
EPS actual $0.260
EPS Surprise 160.00%
Revenue estimate 2.194B
Revenue actual 2.109B
Revenue Surprise -3.85%
Sep 30, 2024
$0.99 (5.32%)
Release date Oct 31, 2024
EPS estimate $0.94
EPS actual $0.99
EPS Surprise 5.32%
Revenue estimate 2.106B
Revenue actual 2.807B
Revenue Surprise 33.29%
Jun 30, 2024
$0.400 (14.29%)
Release date Jul 31, 2024
EPS estimate $0.350
EPS actual $0.400
EPS Surprise 14.29%
Revenue estimate 2.383B
Revenue actual 2.372B
Revenue Surprise -0.438%

Last 4 Quarters for Norwegian Cruise

Below you can see how NCLH performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Jun 30, 2024 Beat
Release date Jul 31, 2024
Price on release $18.43
EPS estimate $0.350
EPS actual $0.400
EPS surprise 14.29%
Date Price
Jul 25, 2024 $18.36
Jul 26, 2024 $18.47
Jul 29, 2024 $18.54
Jul 30, 2024 $18.56
Jul 31, 2024 $18.43
Aug 01, 2024 $17.35
Aug 02, 2024 $15.93
Aug 05, 2024 $15.33
Aug 06, 2024 $15.50
4 days before 0.381%
4 days after -15.90%
On release day -5.86%
Change in period -15.58%
Sep 30, 2024 Beat
Release date Oct 31, 2024
Price on release $25.34
EPS estimate $0.94
EPS actual $0.99
EPS surprise 5.32%
Date Price
Oct 25, 2024 $23.16
Oct 28, 2024 $23.80
Oct 29, 2024 $24.11
Oct 30, 2024 $23.84
Oct 31, 2024 $25.34
Nov 01, 2024 $24.88
Nov 04, 2024 $25.15
Nov 05, 2024 $25.94
Nov 06, 2024 $27.76
4 days before 9.41%
4 days after 9.55%
On release day -1.82%
Change in period 19.86%
Dec 31, 2024 Beat
Release date Feb 27, 2025
Price on release $23.72
EPS estimate $0.100
EPS actual $0.260
EPS surprise 160.00%
Date Price
Feb 21, 2025 $24.11
Feb 24, 2025 $24.85
Feb 25, 2025 $24.59
Feb 26, 2025 $25.05
Feb 27, 2025 $23.72
Feb 28, 2025 $22.72
Mar 03, 2025 $21.95
Mar 04, 2025 $21.13
Mar 05, 2025 $21.30
4 days before -1.62%
4 days after -10.20%
On release day -4.22%
Change in period -11.65%
Mar 31, 2025 Missed
Release date Apr 30, 2025
Price on release $16.03
EPS estimate $0.0900
EPS actual $0.0700
EPS surprise -22.22%
Date Price
Apr 24, 2025 $17.15
Apr 25, 2025 $17.23
Apr 28, 2025 $17.44
Apr 29, 2025 $17.38
Apr 30, 2025 $16.03
May 01, 2025 $16.26
May 02, 2025 $17.37
May 05, 2025 $17.37
May 06, 2025 $17.27
4 days before -6.53%
4 days after 7.74%
On release day 1.43%
Change in period 0.700%

Norwegian Cruise Earnings Call Transcript Summary of Q1 2025

Norwegian Cruise Line Holdings Q1 2025 Earnings Call Summary for Investors

Key Financial Highlights:

  • Revenue Performance: Q1 2025 saw net yields increase by 1.2% above expectations, leading to an adjusted EBITDA of $453 million, exceeding guidance. The trailing 12-month margin improved to 35.5%, up 280 basis points from the prior year.
  • Adjusted EPS: Finished at $0.07, slightly below guidance due to a foreign exchange headwind of $0.05.

Strategic Developments:

  • New Ship Delivery: Norwegian Aqua, the first ship in the new Prima Plus class, was delivered on time and on budget in March. It features upgraded amenities aimed at enhancing guest experiences while boosting financial performance with greater stateroom capacity.
  • Enhancements to Great Stirrup Cay: Announced improvements set to elevate guest experiences and capacity to over one million guests annually by 2026, focusing on new attractions and infrastructure.

Booking Trends:

  • Current Trends: Advanced ticket sales rose 3%. Q2 bookings are strong, but there is some choppiness in Q3, particularly for European itineraries, leading to prioritization of pricing over occupancy.
  • Pricing Strategy: The company focuses on maintaining price integrity and believes that adjustments in pricing will yield long-term benefits.

Cost Management and Guidance:

  • Cost Efficiency Initiatives: The company aims for $300 million in cost efficiencies without sacrificing guest experience. Adjusted net cruise costs are expected to grow in the range of 0 to 1.25%.
  • Full-Year Guidance: Full-year 2025 adjusted EBITDA is maintained at $2.72 billion, with adjusted EPS unchanged at $2.05. Net yield growth is projected at 2-3%.

Market Outlook:

  • Long-Term Growth: NCLH remains optimistic about industry growth potential, continuing to capture more of the vacation market, with a focus on the Caribbean and closer home itineraries for 2026.
  • Leverage and Financial Stability: The company plans to reduce net leverage from 5.7x to roughly 5x by the end of the year, emphasizing a strong liquidity position and balanced capital allocation.

Management's Approach:

  • Focus on Guest Experience: Continuous improvements in guest satisfaction are reported, tying financial performance to customer sentiments as evidenced by record future cruise bookings.
  • Market Adaptation: The management remains vigilant regarding macroeconomic uncertainties but is confident in their strategic positioning and execution.

This earnings call underlines Norwegian Cruise Line Holdings' commitment to growth and optimization amidst fluctuating economic conditions, emphasizing a balance of investments in guest experiences and financial prudence. Investors should keep an eye on booking trends and cost management as indicators of future performance.

Norwegian Cruise Earnings History

Earnings Calendar

FAQ

When is the earnings report for NCLH?
Norwegian Cruise (NCLH) has scheduled its earnings report for Jul 30, 2025 before the markets open.

What is the NCLH price-to-earnings (P/E) ratio?
NCLH P/E ratio as of Jun 13, 2025 (TTM) is 9.69.

What is the NCLH EPS forecast?
The forecasted EPS (Earnings Per Share) for Norwegian Cruise (NCLH) for the first fiscal quarter 2025 is $0.510.

What are Norwegian Cruise's retained earnings?
On its balance sheet, Norwegian Cruise reported retained earnings of $2.13 billion for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT NORWEGIAN CRUISE LINE HOLDINGS LTD.
Norwegian Cruise
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Can...
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