Costamare Q2 2024 Adj. EPS $0.77 Beats $0.71 Estimate, Sales $477.483M Beat $316.489M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare (NYSE:CMRE) reported Q2 2024 adjusted EPS of $0.77, beating the $0.71 estimate. Sales were $477.483M, surpassing the $316.489M estimate and marking a 30.48% increase from the same period last year.
July 31, 2024 | 11:00 am
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POSITIVE IMPACT
Costamare (NYSE:CMRE) reported strong Q2 2024 results with EPS of $0.77 beating estimates by 8.45% and sales of $477.483M surpassing estimates by 50.87%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, suggests strong financial health and growth potential for Costamare. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100