Core Insights - Norwegian Cruise Line Holdings Ltd. (NCLH) reported second-quarter 2025 results with earnings and revenues missing the Zacks Consensus Estimate, although both metrics increased year-over-year [1][3][9] Financial Performance - Adjusted earnings per share (EPS) for Q2 were 51 cents, slightly below the consensus estimate of 52 cents, compared to 39 cents in the prior-year quarter [3] - Quarterly revenues reached $2.52 billion, missing the consensus mark of $2.55 billion, but reflecting a 6.1% year-over-year increase [3] - Passenger ticket revenues were $1.7 billion, up from $1.6 billion in the prior-year quarter, while onboard and other revenues increased to $808.5 million from $770.4 million [4] Expenses and Operating Results - Total cruise operating expenses rose 0.1% year-over-year to $1.45 billion, below the anticipated $1.51 billion [5] - Gross cruise costs per Capacity Day were $305.65, slightly higher than $305.38 reported in the prior-year period [5] - Net interest expenses were $236.8 million, an increase from $178.5 million in the year-ago quarter [6] Balance Sheet - As of June 30, 2025, cash and cash equivalents stood at $184 million, down from $190.8 million at the end of 2024, while long-term debt increased to $12.6 billion from $11.8 billion [7] Booking Trends - The company reported strong booking trends for third-quarter long-haul and extended European itineraries, with booking volumes surpassing historical levels [2][8] - Second-quarter 2025 occupancy was 103.9%, consistent with guidance, and advance ticket sales reached $4 billion compared to $3.9 billion in the prior-year quarter [8] Guidance - For Q3 2025, NCLH anticipates occupancy of approximately 105.5% and adjusted EPS of nearly $1.14, with expected adjusted EBITDA of about $1 billion [10] - For the full year 2025, the company expects occupancy of approximately 103%, with adjusted EPS projected at $2.05 and adjusted EBITDA expected to be nearly $2.72 billion [11]

For the quarter ended June 2025, Norwegian Cruise Line (NCLH) 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 ...

Norwegian Cruise Line (NCLH) Q2 2025 Earnings Call July 31, 2025 08:00 AM ET Speaker0Good morning, and welcome to the Norwegian Cruise Line Holdings Second Quarter twenty twenty five Earnings Conference Call. My name is Maria, and I will be your operator. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions for the session will follow at that time. As a reminder to all participants, this conference call is being recorded.I would now ...

Q2 2025 Earnings Conference Call - July 31, 2025 F O R W A R D L O O K I N G S T A T E M E N T S Some of the statements, estimates or projections contained in this presentation are "forward-looking statements" within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained, or incorporated by reference, in this presentation, inc ...

Company delivers record second quarter revenue, meets or exceeds all guidance metrics Reiterates full year 2025 key guidance on strength in consumer demand MIAMI, July 31, 2025 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd. (“NCLC”), “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today reported financial results for the second quarter ended June 30, 2025 and provided guidance for the third quarter and full year 2025. Highligh ...

Core Viewpoint - Royal Caribbean Cruises Ltd. is experiencing a decline in share price due to a tempered yield outlook for 2025, despite a significant rally in shares over the past three months [1][2]. Group 1: Share Performance and Analyst Ratings - RCL shares are trading lower by 1.01% to $331.06 [5]. - Goldman Sachs analyst Lizzie Dove has reiterated a Buy rating on the company, while lowering the price forecast from $364 to $361 [1]. Group 2: Yield Outlook and Earnings Estimates - The company's updated yield outlook for 2025 has been revised down, with the high end of net yield guidance decreasing from 4.6% to 4.0%, indicating limited upside to earnings estimates [2][5]. - The full-year guidance does not account for any potential acceleration in close-in demand, which could allow for upward revisions in the future [5]. Group 3: Booking Trends and Future Growth - A shortening booking window, which has already narrowed by one week for 2026, is not seen as alarming, but investors are advised to monitor Norwegian Cruise Line's upcoming update for further insights on cruise trends [3]. - The setup for 2026 net yield growth could exceed current expectations, driven by contributions from new ships and the Beach Club, alongside a more stable macroeconomic environment [4].

Group 1: Financial Performance - Royal Caribbean raised its full-year earnings guidance for 2025 to between $15.41 and $15.55 per share, up from the previous range of $14.55 to $15.55 [1] - The company reported second-quarter adjusted earnings per share of $4.38 on revenue of $4.54 billion, exceeding Wall Street's expectations of $4.09 EPS and $4.55 billion in revenue [5] - The cruise line's income rose to $1.2 billion, or $4.41 per share, compared to $854 million, or $3.11 per share, a year earlier [5] Group 2: Market Trends and Consumer Behavior - CEO Jason Liberty noted that 75% of consumers plan to spend the same amount or more on leisure travel over the next 12 months, indicating a shift towards experience-driven travel [2] - The company observed growth in bookings, particularly from younger travelers, with millennials and younger generations now accounting for about half of total guests [3] - There is a trend of travelers booking closer to their departure date, with many willing to pay a premium for last-minute cabins [4] Group 3: Capacity and Demand - Royal Caribbean reported a 5.8% increase in capacity compared to the previous year, with 2.3 million guests taking a cruise during the second quarter [6] - Bookings for new ships launching this year, such as Star of the Seas and Celebrity Xcel, are performing well, reinforcing the effectiveness of the company's strategy [6][7]

Core Viewpoint - Royal Caribbean Cruises Ltd. reported second-quarter earnings that exceeded EPS expectations but fell short on revenue, leading to a decline in stock price. The company's earnings guidance for the upcoming quarter and full year also disappointed investors, contributing to the stock's drop. Financial Performance - The company reported EPS of $4.38, beating expectations of $4.04 by 34 cents, and showing a 36% increase year-over-year [1] - Revenue for the quarter was $4.54 billion, slightly below the expected $4.55 billion [2] - For the upcoming quarter, Royal Caribbean forecasts EPS between $5.55 and $5.65, lower than analysts' estimates of $5.84 [2] - Full-year EPS guidance is between $15.41 and $15.55, which is below the consensus estimate of $15.46 [3] Stock Performance - RCL stock is currently trading at $337.37, down 4.16% [2] - The stock has increased over 44% in 2025, but the recent earnings report led to a pullback [3] - The consensus price target for RCL stock is $311.05, indicating a potential downside of 11.64% from the current price [6] Valuation Metrics - RCL stock has a P/E ratio of over 27x, significantly higher than its historical average and above the sector average for consumer discretionary stocks [4] - The stock's P/E ratio is about twice that of Norwegian Cruise Line Holdings Ltd. and Carnival Corp. [4] Debt Management - Royal Caribbean's debt-to-equity ratio is 2.21, which is lower than its peers, indicating a relatively strong position in terms of leverage [7] - The company repaid $1.4 billion in debt last quarter and plans to pay $3.3 billion for the full year, which may impact short-term earnings but is seen as a positive long-term strategy [8] Market Sentiment - Short interest in RCL stock has increased over 20% in the last month, indicating growing bearish sentiment among investors [5] - The stock has dipped below its 50-day simple moving average, suggesting a strong negative market reaction [9] - Despite bearish momentum, there are indications that the sell-off may be overdone, with potential support levels between $340 and $350 [10]

Key Takeaways NCLH is projected to post Q2 EPS of 51 cents on $2.56B in revenues, up 7.8% from the prior year.Q2 Yield growth likely driven by Aquas launch, mobile app engagement and strong onboard revenue trends.Margin gains could be capped by launch-related costs, Q1 deferrals and currency headwinds.Norwegian Cruise Line Holdings Ltd. (NCLH) is scheduled to release second-quarter 2025 results on July 31.The Zacks Consensus Estimate for NCLH’s second-quarter earnings per share (EPS) is pegged at 51 cents, ...

2025 EARNINGS CALL Q2 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION Certain statements in this presentation relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2025 and beyond; our progress toward achievement of our Perfecta Program; demand for ...