Costamare to Announce Q4 Earnings on February 18

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 1 day ago

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Should l Buy CMRE?

Source: seekingalpha

Earnings Announcement Date: Costamare is set to release its Q4 2023 earnings report on February 18 before market open, with a consensus EPS estimate of $0.74, reflecting a 7.2% year-over-year increase, indicating stable profitability.
Revenue Expectations Decline: The anticipated revenue for Q4 is $204 million, representing a significant 54% year-over-year decrease, highlighting challenges the company faces in the current market environment, which may affect investor confidence.
Historical Performance: Over the past two years, Costamare has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating reliability in earnings forecasts, despite the current unfavorable revenue outlook.
Market Reaction Analysis: Despite strong historical performance, the market remains cautious about Costamare's future, with analysts suggesting that the stock could drop by 30% due to a lack of shareholder rewards, potentially influencing investor decisions.

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About CMRE

Costamare Inc is a Monaco-based company that provides containerships and dry bulk vessels for charter. The Company is an international shipping industry that offers a fleet of 73 containerships, with a total capacity of approximately 537,000 TEU (including two vessels that have agreed to sell) and 45 dry bulk vessels with a total capacity of approximately 2,436,000 DWT. Its offers containerships of various sizes (including feeder, panamax and post-panamax containerships) serve short, medium, and long-haul routes on a variety of geographical trades. Its dry bulk vessels transport a broad range of bulks such as iron ore, coal, and grains as well as minor bulks such as bauxite, phosphate fertilizers and steel products. The Company serve its customer's needs worldwide and ensure the safety, reliability, and environmental responsibility of services.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Costamare Reports Strong Q4 Earnings, Secures $940M in New Contracts

13 hours agoseekingalpha

Strong Earnings Performance: Costamare reported Q4 adjusted earnings and revenues that exceeded analyst expectations, with shares rising 0.3% on Wednesday to a high of $17.52, poised for its best close since August 2014.
Surge in Contracted Revenues: The company secured approximately $940 million in new contracted revenues by fixing 12 vessels for periods up to eight years, boosting fleet employment to 96% for 2026 and 92% for 2027, significantly enhancing revenue predictability.
Growing Revenue Backlog: As of mid-February, Costamare's contracted revenue backlog totals around $3.4 billion, with a TEU-weighted remaining duration of 4.5 years, indicating a stable cash inflow for the coming years.
Fleet Renewal Initiative: The company is advancing its fleet renewal with a newbuilding program for six 3,100 TEU containerships at Zhoushan Changhong shipyard, scheduled for delivery in 2027-28, fully backed by eight-year time charters to a leading liner operator.

Costamare Q4 Earnings Beat Expectations with $0.60 EPS

22 hours agoseekingalpha

Earnings Beat: Costamare reported a Q4 non-GAAP EPS of $0.60, exceeding expectations by $0.06, indicating the company's stable profitability despite a decline in overall revenue.
Revenue Decline: The company posted revenues of $211.9 million, down 5.4% year-over-year, yet still surpassed expectations by $24.9 million, demonstrating Costamare's ability to maintain strong revenue performance in a challenging market environment.
Lack of Shareholder Rewards: Despite the earnings beat, concerns arise regarding Costamare's ability to reward shareholders, with analysts suggesting that the absence of shareholder returns could lead to a 30% drop in stock price, reflecting investor caution about future returns.
Market Rating Analysis: Seeking Alpha's quant rating highlights Costamare's historical earnings data and dividend scorecard, further emphasizing the challenges and opportunities the company faces in the current market, prompting investors to carefully assess its investment value.

Costamare Reports $371 Million Net Income for 2025 Amid Spin-Off

22 hours agoNewsfilter

Strong Financial Performance: Costamare reported a net income of $371 million ($3.09 per share) for 2025, reflecting stability and profitability post the spin-off of its dry bulk business, despite a slight decline from 2024.
Robust Liquidity: As of December 31, 2025, Costamare's liquidity stood at $589.6 million, ensuring financial flexibility for future investments and operations, supporting its ongoing growth strategy.
New Contracts Signed: The company secured 12 new charters over the next three years, expected to generate approximately $940 million in incremental contracted revenues, further solidifying its position in the container shipping market with fleet utilization rates of 96% and 92% for 2026 and 2027, respectively.
Dividend Distribution: Costamare declared a dividend of $0.115 per share on January 2, 2026, paid on February 5, demonstrating its commitment to shareholder returns and enhancing investor confidence.