Costamare Q2 Adj EPS $0.56 Misses $0.59 Estimate, Sales $365.94M Beat $256.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare (NYSE:CMRE) reported Q2 adjusted earnings of $0.56 per share, missing the analyst consensus estimate of $0.59 by 5.08%. This is a 41.05% decrease from the same period last year. However, the company's quarterly sales of $365.94 million beat the analyst consensus estimate of $256.52 million by 42.66%, marking a 25.79% increase from the same period last year.
July 28, 2023 | 11:01 am
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NEUTRAL IMPACT
Costamare's Q2 earnings missed estimates but sales exceeded expectations. The company's earnings per share decreased by 41.05% YoY, while sales increased by 25.79% YoY.
Costamare's Q2 earnings missed the analyst consensus estimate, which could negatively impact the stock. However, the company's sales exceeded expectations, which could offset the negative impact of the earnings miss. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100