Costamare (CMRE) Outperforms Broader Market: What You Need to Know

Core Viewpoint - Costamare's stock has shown significant performance, outperforming both the Transportation sector and the S&P 500, indicating strong investor sentiment and potential growth opportunities. Company Performance - Costamare's stock has climbed by 12.48% in the past month, exceeding the Transportation sector's loss of 2.02% and the S&P 500's gain of 2.83% [1] - The latest trading session saw Costamare (CMRE) ending at $17.19, denoting a +1.42% adjustment from its last day's close, outperforming the S&P 500 which registered a daily gain of 0.09% [4] - The investment community is closely monitoring Costamare's forthcoming earnings report, with expectations of EPS of $0.77, up 37.5% from the prior-year quarter, and revenue of $368.67 million, indicating a 0.34% upward movement from the same quarter last year [8] Financial Metrics - For the full year, the Zacks Consensus Estimates project earnings of $3.08 per share and a revenue of $1.6 billion, demonstrating changes of +48.79% and +6.07%, respectively, from the preceding year [5] - Costamare is currently being traded at a Forward P/E ratio of 5.51, which signifies a discount compared to the average Forward P/E of 7.63 for its industry [3] Analyst Sentiment - Recent revisions in analyst estimates for Costamare tend to reflect the latest near-term business trends, with upward revisions indicating analysts' positivity towards the company's business operations and its ability to generate profits [2] - Costamare boasts a Zacks Rank of 1 (Strong Buy), with a remarkable history of outperforming, as 1 stocks have returned an average annual gain of +25% since 1988 [6] Industry Context - The Transportation - Shipping industry is part of the Transportation sector and currently has a Zacks Industry Rank of 70, placing it in the top 28% of all 250+ industries [10]