Preview: Costamare's Earnings
Portfolio Pulse from Benzinga Insights
Costamare (NYSE:CMRE) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $0.66. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Despite missing the EPS estimate last quarter by $0.20, Costamare's stock price increased by 6.79% the following day. Historical data shows mixed reactions to past earnings reports. Currently, shares are trading at $10.28, marking a 3.3% increase over the last 52 weeks.
February 06, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Costamare is anticipated to report a quarterly EPS of $0.66 on February 7, 2024. Despite a miss in the last quarter, the stock price increased by 6.79%. Shares have risen 3.3% over the past year.
Given Costamare's history of stock price increases following earnings reports, even after missing EPS estimates, there's a positive outlook for the short-term impact on CMRE's stock price. The anticipation of positive guidance for future growth further supports a likely increase in stock price post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100