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Norwegian Cruise Line (NCLH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2026, Norwegian Cruise Line (NCLH - Free Report) reported revenue of $2.95 billion, up 0.3% over the same period last year. EPS came in at $1.12, compared to $1.20 in the year-ago quarter.

The reported revenue represents a surprise of +2.25% over the Zacks Consensus Estimate of $2.88 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +20.43%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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: 7,204.94 KDays versus 7,062.24 KDays estimated by four analysts on average.
  • Capacity Days: 6,766.45 KDays versus 6,795.62 KDays estimated by four analysts on average.
  • Net Yield: $319.65 versus the four-analyst average estimate of $313.94.
  • Occupancy percentage: 106.5% compared to the 103.9% average estimate based on four analysts.
  • Fuel price per metric ton, net of hedges: $819.00 versus $801.14 estimated by three analysts on average.
  • Net Cruise Cost per Capacity Day: $184.87 versus $186.51 estimated by two analysts on average.
  • Gross Cruise Cost per Capacity Day: $300.72 compared to the $296.20 average estimate based on two analysts.
  • Net Cruise Cost Excluding Fuel: $1,055.20 versus $1,062.98 estimated by two analysts on average.
  • Total Passengers carried: 983,214 versus 915,799 estimated by two analysts on average.
  • Adjusted Net Cruise Cost Excluding Fuel: $1.03 billion versus the two-analyst average estimate of $1.04 billion.
  • Revenue- Onboard and other: $1 billion versus $891.35 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.
  • Revenue- Passenger ticket: $1.95 billion versus the four-analyst average estimate of $1.98 billion. The reported number represents a year-over-year change of -5.1%.

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

Shares of Norwegian Cruise Line have returned +9.6% over the past month versus the Zacks S&P 500 composite's +0.9% 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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