Costamare (CMRE) Stock Slides as Market Rises: Facts to Know Before You Trade

Core Viewpoint - Costamare's stock performance has shown mixed results recently, with a notable decline on the latest trading day while still outperforming the Transportation sector and S&P 500 over the past month [1][2]. Financial Performance - The upcoming earnings report for Costamare is projected to show an EPS of $0.67, reflecting a 12.99% decrease compared to the same quarter last year [2]. - For the full year, Zacks Consensus Estimates forecast earnings of $2.82 per share and revenue of $0 million, indicating changes of +2.17% and 0% respectively from the previous year [2]. Analyst Estimates - Recent changes to analyst estimates for Costamare are crucial for investors, as positive revisions indicate optimism regarding the company's business and profitability [3]. - The Zacks Rank system, which incorporates these estimate changes, currently assigns Costamare a rank of 3 (Hold), with no changes in the EPS estimate over the last 30 days [5]. Valuation Metrics - Costamare's Forward P/E ratio stands at 3.33, which is significantly lower than the industry average Forward P/E of 8.99, suggesting a valuation discount [6]. - The Transportation - Shipping industry, to which Costamare belongs, holds a Zacks Industry Rank of 24, placing it in the top 10% of over 250 industries [6][7].