Costamare Q3 2024 Sales $459.04M Beat $344.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Costamare (NYSE:CMRE) reported Q3 2024 earnings of $0.68 per share, surpassing the $0.64 estimate and marking a 47.83% increase from last year. Sales reached $459.04M, beating the $344.87M estimate and showing a 15.55% increase from the previous year.
November 01, 2024 | 11:16 am
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Costamare's Q3 2024 earnings and sales significantly exceeded analyst expectations, with earnings per share at $0.68 and sales at $459.04M. This reflects strong growth compared to the previous year.
Costamare's earnings and sales both exceeded analyst expectations by a significant margin, indicating strong financial performance. The 47.83% increase in EPS and 15.55% increase in sales compared to last year suggest positive momentum, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100