Norwegian Cruise Line Is Down 19% This Year and Reports Earnings July 30. Is Now the Time to Buy?

Norwegian Cruise Line (NYSE: NCLH) is down nearly 19% over the past 12 months as investors weighed worries that Middle East geopolitical tensions could affect fuel prices and passenger demand. The company is set to report its June-quarter results pre-market on July 30. Sell-side estimates call for earnings of $0.39 per share, about 23.5% lower than the prior year’s quarter. Even with investors expecting weaker figures, guidance remains the key focus. Last quarter, Norwegian walked back its full-year 2026 outlook due to the conflict, projecting earnings between $1.45 and $1.79 per share, versus earlier guidance that ranged up to $2.38. The stock trades around 11 times forward earnings versus 17 for Royal Caribbean (RCL). The article also notes Carnival (CCL) trades at a similar multiple and pays a dividend with a forward yield around 1.7%.