Costamare Q1 2024 Adj EPS $0.63 Misses $0.65 Estimate, Sales $470.172M Beat $383.317M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare (NYSE:CMRE) reported Q1 2024 adjusted EPS of $0.63, missing the $0.65 estimate, but sales of $470.172M exceeded the $383.317M estimate. This represents a significant increase in earnings and sales from the same period last year.
May 10, 2024 | 10:13 am
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NEUTRAL IMPACT
Costamare's Q1 2024 earnings per share missed estimates slightly, but revenue significantly exceeded expectations, indicating strong sales growth.
While the slight miss in EPS might concern some investors, the substantial beat in revenue and significant year-over-year growth in both earnings and sales are likely to be viewed positively. The mixed results could lead to a neutral short-term impact on the stock price, as the market weighs the earnings miss against the strong revenue performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100