MW Norwegian Cruise Line expects profit to miss estimates as it faces 'macroeconomic volatility'

By Steve Gelsi

Cruise company's stock drops 8.2% in premarket trading as it issues a profit warning, a day after rival Royal Caribbean lifted its view

Norwegian Cruise Line's stock fell more than 8% in premarket trading on Wednesday after the cruise operator warned it expects to fall short of Wall Street analyst estimates for its second quarter as it faces an uncertain economic outlook.

In the first quarter, the company also swung to a loss and fell short of analyst estimates for revenue as well as adjusted profit.

Norwegian Cruise Line $(NCLH)$ issued a forecast of 51 cents a share for its adjusted second-quarter profit. That's a penny below the FactSet consensus estimate of 52 cents a share.

For full-year 2025, the company continues to expect to earn about $2.05 a share, while analysts expect earnings of $2.08 a share.

Analysts are also projecting full-year revenue of $10.16 billion, a benchmark that may be difficult to achieve, the company said.

"While we recognize there may be potential pressures on the top line, we believe these can be effectively offset by the continued execution of our cost savings initiatives," the company said.

Norwegian Cruise Line's stock was down 8.2% in premarket trading. Ahead of Wednesday's moves, the stock had fallen 32% so far in 2025, while the S&P 500 SPX was down 5.5% and rival Royal Caribbean Group's stock $(RCL)$ had fallen 6.1%.

The update from Norwegian comes a day after Royal Caribbean raised its earnings outlook on record bookings.

Norwegian Cruise Line swung to a first-quarter loss of $40.3 million, or 9 cents a share, compared with earnings of $17.35 million, or 4 cents a share, in the same period of the previous year.

Adjusted first-quarter profit of 7 cents a share missed the analyst estimate of 9 cents a share.

First-quarter revenue fell to 3% to $2.13 billion, below the analyst estimate of $2.15 billion.

-Steve Gelsi

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April 30, 2025 09:37 ET (13:37 GMT)

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