Norwegian Cruise Line receives strong sell downgrade
The cruise operator’s latest quarterly earnings exceeded analysts’ consensus estimate, while revenue came in slightly below an analyst estimate.
Analysts at Zacks Research downgraded Norwegian Cruise Line from hold to strong sell. Their estimates put the company’s fiscal 2026 earnings at $1.30 per share, fiscal 2027 earnings at $1.31 per share and fiscal 2028 earnings at $1.74 per share.
Norwegian Cruise Line reported quarterly earnings of $0.48 per share. That result was $0.07 above analysts’ consensus estimate of $0.41 per share.
Quarterly revenue totaled $2.64 billion, compared with an analyst estimate of $2.65 billion. Separately, market data showed the stock had a consensus hold rating and an average price target of $21.05.
During the preceding three months, Norwegian Cruise Line insiders purchased 1,533,000 company shares valued at a combined $27,496,910. Hedge funds and other institutional investors owned 69.58% of the company’s stock.
