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Market Overview

Earnings Outlook for Costamare


On Monday, February 01, Costamare (NYSE:CMRE) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Costamare management projections, analysts predict EPS of $0.25 on revenue of $120.87 million. In the same quarter last year, Costamare reported earnings per share of $0.32 on revenue of $124.47 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to post earnings in line with the consensus estimate when it reports Monday, EPS would be down 21.88%. Sales would be down 2.89% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.22 0.21 0.27 0.28
EPS Actual 0.22 0.26 0.27 0.32
Revenue Estimate 115.29 M 120.41 M 130.64 M 124.47 M
Revenue Actual 107.90 M 111.87 M 121.40 M 124.47 M

Stock Performance

Over the past 52-week period, shares of Costamare have declined 0.88%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Costamare is scheduled to hold the call at 08:30:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings