Norwegian Cruise Line quarterly earnings estimate reduced

Zacks Research lowered its quarterly earnings forecast for Norwegian Cruise Line to $0.34 per share from $0.37 per share. The research firm maintained its Strong Sell rating on the cruise company’s stock.

Norwegian Cruise Line reported quarterly earnings of $0.48 per share, surpassing the analyst consensus estimate of $0.41 per share. Its earnings for the corresponding quarter a year earlier were $0.51 per share.

The company recorded quarterly revenue of $2.64 billion, slightly below analyst expectations of $2.65 billion. Revenue rose 4.9% compared with the same quarter in the prior year.

Norwegian Cruise Line also reported a positive net margin of 7.49% and a return on equity of 41.38%. The stock’s reported consensus rating was Hold, with an average price target of $20.25.