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Costamare (CMRE) Stock Sinks As Market Gains: Here's Why
CostamareCostamare(US:CMRE) ZACKSยท2025-07-21 22:51

Company Overview - Costamare's stock closed at $9.14, reflecting a decline of 4.79% from the previous day's closing price, underperforming the S&P 500's gain of 0.14% [1] - Over the past month, Costamare's stock has increased by 4.46%, which is higher than the Transportation sector's gain of 3.95% but lower than the S&P 500's gain of 5.35% [1] Earnings Expectations - Analysts anticipate Costamare will report earnings of $0.67 per share, representing a year-over-year decline of 12.99% [2] - For the entire year, the Zacks Consensus Estimates project earnings of $2.82 per share and revenue of $0 million, indicating changes of +2.17% and 0%, respectively, compared to the previous year [2] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Costamare are important as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations and profit generation capabilities [3] Valuation Metrics - Costamare is currently trading at a Forward P/E ratio of 3.4, significantly lower than the industry average Forward P/E of 9.34, indicating a discount relative to its peers [6] - The Transportation - Shipping industry, to which Costamare belongs, has a Zacks Industry Rank of 44, placing it in the top 18% 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 historical performance, with stocks rated 1 achieving an average annual return of +25% since 1988 [5] - Currently, Costamare holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5]