We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Costamare (CMRE) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
Costamare (CMRE - Free Report) closed at $10.45 in the latest trading session, marking a +1.55% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 1.71%.
The shipping company's shares have seen a decrease of 3.38% over the last month, surpassing the Transportation sector's loss of 7.7% and the S&P 500's loss of 7.03%.
Investors will be eagerly watching for the performance of Costamare in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.48, showcasing a 23.81% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $412.67 million, reflecting a 13.2% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.52 per share and revenue of $1.74 billion. These totals would mark changes of -8.7% and -16.58%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Costamare. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Costamare is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Costamare is holding a Forward P/E ratio of 4.09. This represents a discount compared to its industry's average Forward P/E of 9.33.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 206, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Costamare (CMRE) Increases Despite Market Slip: Here's What You Need to Know
Costamare (CMRE - Free Report) closed at $10.45 in the latest trading session, marking a +1.55% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 1.71%.
The shipping company's shares have seen a decrease of 3.38% over the last month, surpassing the Transportation sector's loss of 7.7% and the S&P 500's loss of 7.03%.
Investors will be eagerly watching for the performance of Costamare in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.48, showcasing a 23.81% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $412.67 million, reflecting a 13.2% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.52 per share and revenue of $1.74 billion. These totals would mark changes of -8.7% and -16.58%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Costamare. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Costamare is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Costamare is holding a Forward P/E ratio of 4.09. This represents a discount compared to its industry's average Forward P/E of 9.33.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 206, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.