分组1 - Costamare reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and showing a slight increase from $0.68 per share a year ago, resulting in an earnings surprise of 4.55% [1] - The company achieved revenues of $548.4 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.52%, compared to $494.85 million in the same quarter last year [2] - Costamare has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has underperformed the market, losing about 9% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $501.08 million, and for the current fiscal year, it is $2.78 on revenues of $1.92 billion [7] - The Transportation - Shipping industry, to which Costamare belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [8]

Profitability and Liquidity - For FY 2024, the net income available to common stockholders was $290.7 million, translating to $2.44 per share, while the adjusted net income was $329.7 million, or $2.76 per share [5] - In Q4 2024, the net income available to common stockholders was $29.7 million ($0.25 per share), with adjusted net income at $82.3 million ($0.69 per share) [5] - The company reported liquidity of $941.6 million as of the end of 2024 [5] Owned Fleet Charter Update - The company has fixed 96% of its containership fleet for 2025 and 69% for 2026, with total contracted revenues of approximately $2.4 billion and a TEU-weighted duration of 3.4 years [5][11] - The company entered into more than 50 chartering agreements for its owned dry bulk fleet since Q3 2024 [5] Sale and Purchase Activity - The company concluded the acquisition of three dry bulk vessels: Magnes (2011-built, 179,546 DWT), Alwine (2014-built, 61,090 DWT), and August (2015-built, 61,090 DWT) [5] - The sale of the dry bulk vessel Discovery (2012-built, 37,019 DWT) generated net sale proceeds of $7.7 million after debt prepayment [5] - An agreement was made for the sale of the dry bulk vessel Rose (2008-built, 76,619 DWT), expected to conclude in Q1-Q2 2025, with estimated net sale proceeds of $4.1 million after debt prepayment [5] New Debt Financing / Prepayment of Unsecured Bonds - The company refinanced 36 dry bulk vessels through four bilateral term loan facilities, drawing a total of $339.3 million, with no increase in leverage and a repayment tenor of at least 5 years [5] - The company fully prepaid €100 million of unsecured bonds using cash on hand [5] Dry Bulk Operating Platform - The dry bulk market experienced a drop in charter rates to the lowest levels of 2024, attributed to easing congestion and oversupply of tonnage [12] - The company’s dry bulk operating platform, Costamare Bulkers Inc. (CBI), currently has a fleet of 51 dry bulk vessels on period charters, with the majority on index-linked agreements [5][13] Financial Summary - Total voyage revenue for Q4 2024 was $542.2 million, a 10.5% increase from $490.5 million in Q4 2023, primarily due to increased operations and charter rates [31] - Income from investments in leaseback vessels rose to $6.3 million in Q4 2024 from $4.3 million in Q4 2023 [34] - Voyage expenses increased to $93.3 million in Q4 2024 from $90.0 million in Q4 2023, while charter-in hire expenses rose to $185.1 million from $166.3 million [35][36] Cash Flows - Net cash provided by operating activities decreased to $128.9 million in Q4 2024 from $152.9 million in Q4 2023, mainly due to unfavorable changes in working capital [55] - Net cash used in investing activities was $70.7 million in Q4 2024, primarily for vessel acquisitions and upgrades [56] - Net cash used in financing activities increased to $157.0 million in Q4 2024 from $101.0 million in Q4 2023, largely due to debt repayments and dividend payments [59][60]

Company Overview - Costamare Inc. is a leading owner and provider of containerships and dry bulk vessels for charter, with 51 years of history in the international shipping industry [5] - The company operates a fleet of 68 containerships with a total capacity of approximately 513,000 TEU and 39 owned dry bulk vessels with a total capacity of approximately 3,054,000 DWT [5] - Costamare also has a dry bulk operating platform that charters in/out dry bulk vessels and engages in various shipping contracts and financing solutions [5] Upcoming Financial Results - Costamare Inc. will release its fourth-quarter results for the period ended December 31, 2024, before the market opens on February 5, 2025 [1] - A conference call to discuss the financial results will take place on February 5, 2025, at 8:30 a.m. ET [2] - Participants are encouraged to dial in 10 minutes prior to the call using designated numbers for the US, UK, and international callers [2] Webcast and Replay Information - A live webcast of the conference call will be available on the Costamare Inc. website, and participants should register approximately 10 minutes before the start [4] - A replay of the conference call will be accessible until February 12, 2025, with specific numbers provided for US and international listeners [3]

Wall Street expects a year-over-year decline in earnings on higher revenues when Costamare (CMRE) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may mo ...

Costamare (CMRE) closed the most recent trading day at $12.07, moving +0.25% from the previous trading session. This move lagged the S&P 500's daily gain of 0.61%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.28%.Coming into today, shares of the shipping company had lost 6.81% in the past month. In that same time, the Transportation sector gained 4.09%, while the S&P 500 gained 2.08%.Analysts and investors alike will be keeping a close eye on the performance of Cos ...

In the latest market close, Costamare (CMRE) reached $12.77, with a +0.79% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.Prior to today's trading, shares of the shipping company had lost 0.16% over the past month. This has was narrower than the Transportation sector's loss of 3.98% and the S&P 500's loss of 3.45% in that time.The investm ...

Costamare (CMRE) ended the recent trading session at $12.60, demonstrating a -0.08% swing from the preceding day's closing price. This change lagged the S&P 500's 0.16% gain on the day. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq decreased by 0.06%.Prior to today's trading, shares of the shipping company had lost 5.54% over the past month. This has was narrower than the Transportation sector's loss of 5.66% and lagged the S&P 500's loss of 2.8% in that time.Inves ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Costamare (CMRE) . This company, which is in the Zacks Transportation - Shipping industry, shows potential for another earnings beat.This shipping company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarter ...

Costamare (CMRE) closed the latest trading day at $12.42, indicating a -0.72% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.09%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.1%.Shares of the shipping company have depreciated by 13.37% over the course of the past month, underperforming the Transportation sector's loss of 6.03% and the S&P 500's loss of 0.29%.Market participants will be closely following the financial re ...

The Zacks Transportation - Shipping industry is suffering from headwinds like high expenses and lingering supply-chain disruptions. Geopolitical and environmental woes represent further challenges.Despite the uncertainty concerning demand, the industry demonstrates resilience, especially for companies prioritizing growth and operational efficiency. Among the companies in the industry that will probably survive the challenges are Viking Holdings Limited (VIK) , ZIM Integrated Shipping Services Ltd. (ZIM) , C ...