CMRE Earnings Prediction
The chart below shows how CMRE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CMRE sees a -2.76% change in stock price 10 days leading up to the earnings, and a +1.42% change 10 days following the report. On the earnings day itself, the stock moves by +2.65%. This data can give you a slight idea of what to expect for the next quarter's release.
CMRE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
548.40M
10.82%
0.69%
Gross Margin
28.35%
13.31%
24.34%
Operating Margin
24.29%
13.35%
34.79%
Net Margin
5.82%
-72.48%
-59.81%
EPS
0.25
-69.51%
-60.32%
No Data Available
CMRE Earnings Analysis
Costamare Inc Corporation (CMRE.N) Earnings Conference Call
Positive
Q4 Adjusted Net Income: Adjusted net income for Q4 2024 reached approximately $82 million, contributing to a total net income of over $290 million for the year, or $2.44 per share.
Contracted Revenue Strength: The company has secured total contracted revenues of $2.4 billion with a remaining time charter duration of about 3.4 years, indicating strong future cash flow.
Chartered Containership Revenues: During the quarter, 12 containerships were chartered on a forward basis, generating estimated contracted revenues of close to $330 million.
Strong Liquidity Position: Liquidity remains robust at around $940 million, providing ample opportunity for future growth and investment.
Fleet Employment Rate 2025: The fleet employment rate stands at 96% for 2025, reflecting strong demand and effective fleet management.
Negative
Dry Bulk Market Decline: Charter rates in the dry bulk market dropped to their lowest levels of 2024 during Q4, indicating a significant decline in revenue potential.
Steel Market Dynamics Shift: The easing of congestion and pressures in the China steel market have resulted in tonnage oversupply, negatively impacting charter rates and overall market dynamics.
Containership Fleet Employment Decline: The containership fleet employment is projected to decrease to 69% for 2026, suggesting potential challenges in maintaining revenue levels in the future.
Liquidity Challenges Ahead: Despite a liquidity position of $940 million, the company faced challenges with the Red Sea crisis potentially distorting supply and demand dynamics, which could impact future earnings.
Vessel Sale Impact: The company has agreed to sell one Panamax vessel, indicating a potential reduction in fleet capacity and future revenue generation capabilities.
CMRE FAQs
How does CMRE typically perform around its earnings report dates?
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CMRE Earning Call Sentiment
Costamare Inc. (NYSE:CMRE) Q4 2024 Earnings Call Transcript
CMRE.N
3.05%Positive
The earnings call summary presents a mixed outlook. While financial performance shows stability with strong liquidity and contracted revenues, there are concerns about market dynamics and risks in the containership and dry bulk markets. The Q&A revealed management's reluctance to provide detailed guidance, adding uncertainty. The absence of a share repurchase or dividend program further tempers positive sentiment. Given the market cap, the stock's reaction is likely to be neutral, with a slight lean towards caution due to market risks and management's vague responses.
