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Compared to Estimates, Norwegian Cruise Line (NCLH) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2025, Norwegian Cruise Line (NCLH - Free Report) reported revenue of $2.52 billion, up 6.1% over the same period last year. EPS came in at $0.51, compared to $0.40 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.56 billion, representing a surprise of -1.55%. The company delivered an EPS surprise of -1.92%, with the consensus EPS estimate being $0.52.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Norwegian Cruise Line performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Passenger Cruise Days: 6,288.80 KDays compared to the 6,253.23 KDays average estimate based on four analysts.
  • Capacity Days: 6,052.27 KDays compared to the 6,059.58 KDays average estimate based on four analysts.
  • Net Yield: $304.34 versus the four-analyst average estimate of $304.22.
  • Occupancy percentage: 103.9% versus 103.2% estimated by four analysts on average.
  • Fuel price per metric ton, net of hedges: $659.00 versus $676.24 estimated by three analysts on average.
  • Net Cruise Cost per Capacity Day: $194.04 versus the two-analyst average estimate of $197.17.
  • Gross Cruise Cost per Capacity Day: $305.65 versus $311.20 estimated by two analysts on average.
  • Net Cruise Cost Excluding Fuel: $1,017.01 versus the two-analyst average estimate of $1,031.34.
  • Total Passengers carried: 738,635 versus the two-analyst average estimate of 729,271.
  • Adjusted Net Cruise Cost Excluding Fuel: $990.55 million versus the two-analyst average estimate of $1.01 billion.
  • Revenue- Onboard and other: $808.51 million versus the six-analyst average estimate of $838.93 million. The reported number represents a year-over-year change of +4.9%.
  • Revenue- Passenger ticket: $1.71 billion versus the six-analyst average estimate of $1.72 billion. The reported number represents a year-over-year change of +6.7%.

View all Key Company Metrics for Norwegian Cruise Line here>>>

Shares of Norwegian Cruise Line have returned +9.5% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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