Costamare (CMRE) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Costamare's stock closed at $9.84, reflecting a -1.2% change from the previous session, underperforming compared to the S&P 500's 0.55% gain [1] - Over the past month, Costamare's shares decreased by 2.16%, outperforming the Transportation sector's loss of 7.37% and the S&P 500's loss of 6.22% [1] Earnings Projections - The upcoming earnings report for Costamare is projected to show earnings per share (EPS) of $0.48, a decrease of 23.81% from the same quarter last year [2] - Revenue is estimated at $412.67 million, down 13.2% from the prior-year quarter [2] Full Year Estimates - For the full year, earnings are projected at $2.52 per share and revenue at $1.74 billion, representing changes of -8.7% and -16.58% respectively from the previous year [3] - Recent modifications to analyst estimates indicate the dynamic nature of near-term business trends, with positive revisions suggesting analyst optimism [3] Valuation Metrics - Costamare has a Forward P/E ratio of 3.96, significantly lower than the industry average Forward P/E of 8.75, indicating a potential discount [6] - The Transportation - Shipping industry is currently ranked 155 in the Zacks Industry Rank, placing it in the bottom 39% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging an annual return of +25% since 1988 [5] - Costamare currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5]