Costamare Q4 Adj. EPS $0.68 Beats $0.63 Estimate, Sales $494.85M Beat $367.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare (NYSE:CMRE) reported Q4 adjusted EPS of $0.68, surpassing the $0.63 estimate, and sales of $494.85M, exceeding the $367.21M estimate. This represents an 11.48% increase in EPS and an 86.43% increase in sales from the same period last year.
February 07, 2024 | 11:00 am
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POSITIVE IMPACT
Costamare reported a strong Q4 with adjusted EPS and sales significantly beating estimates, indicating robust financial health and operational efficiency.
Costamare's Q4 earnings and sales not only surpassed analyst expectations but also showed significant growth from the previous year. This positive performance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100