Costamare Q3 Adj. EPS $0.46 Misses $0.66 Estimate, Sales $397.26M Beat $310.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare reported Q3 adjusted earnings of $0.46 per share, missing the analyst consensus estimate of $0.66 by 30.3%. This is a 47.73% decrease from the same period last year. However, the company's quarterly sales of $397.26 million beat the analyst consensus estimate of $310.53 million by 27.93%, a 37.23% increase from last year.
November 01, 2023 | 10:57 am
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NEUTRAL IMPACT
Costamare's Q3 earnings missed estimates by 30.3%, but sales beat estimates by 27.93%. This mixed result could lead to uncertainty in the market.
Costamare's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows higher revenue generation. The net impact is uncertain.
CONFIDENCE 90
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RELEVANCE 100