Costamare (CMRE) Increases Despite Market Slip: Here's What You Need to Know

Group 1: Company Performance - Costamare (CMRE) closed at $10.45, marking a +1.55% move from the prior day, outperforming the S&P 500's daily loss of 1.07% [1] - The company's shares have decreased by 3.38% over the last month, which is better than the Transportation sector's loss of 7.7% and the S&P 500's loss of 7.03% [1] Group 2: Earnings Forecast - Costamare is forecasted to report an EPS of$ 0.48, reflecting a 23.81% decrease from the same quarter last year, with a projected revenue of $412.67 million, down 13.2% from the equivalent quarter last year [2] - For the full year, analysts expect earnings of$ 2.52 per share and revenue of $1.74 billion, indicating changes of -8.7% and -16.58% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Costamare indicate the changing nature of near-term business trends, with positive alterations signifying analyst optimism regarding the company's business and profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Costamare as 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] Group 4: Valuation Metrics - Costamare holds a Forward P/E ratio of 4.09, which is a discount compared to its industry's average Forward P/E of 9.33 [7] - The Transportation - Shipping industry, to which Costamare belongs, ranks in the bottom 18% of all industries, with a current Zacks Industry Rank of 206 [7]