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 -2.26% change in stock price 10 days leading up to the earnings, and a +2.17% change 10 days following the report. On the earnings day itself, the stock moves by +2.36%. 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
544.64M
36.03%
5.67%
Gross Margin
22.80%
-19.58%
-22.00%
Operating Margin
18.02%
-21.75%
-27.31%
Net Margin
14.48%
-3.53%
-27.45%
EPS
0.63
40.00%
-18.18%
No Data Available
CMRE Earnings Analysis
Costamare Inc. Corporation (CMRE.N) Earnings Conference Call
Positive
Net Income Achievement: The company generated net income of about $80 million during the third quarter.
Strong Liquidity Position: As of quarter-end, liquidity was above $1 billion.
Container Ship Sector Performance: The container ship sector charted seven container ships at healthy levels during the quarter.
Contracted Revenues Overview: Total contracted revenues amount to $2.3 billion, with a remaining time charter duration of 3.3 years.
Strong Liquidity Position: Our liquidity stands at over $1 billion, giving us the ability to look for opportunities to grow the company on a healthy basis.
Negative
Quarterly Net Income Decline: Net income for the quarter was $75.5 million or $0.62 per share, which reflects a decrease compared to previous quarters.
Profitability Decline: Adjusted net income was $81 million or $0.68 per share, indicating a decline in profitability metrics.
Fleet Utilization Inefficiencies: The dry bulk side reported a low idle fleet level of 0.8%, suggesting inefficiencies in fleet utilization.
Container Ship Market Trends: Charter rates in the container ship market continue to evolve at very firm levels, indicating potential pressure on margins due to high operational costs.
Idle Fleet Management Challenges: The idle fleet remains at low levels of 0.8%, which may indicate challenges in fleet management and operational efficiency.
CMRE FAQs
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CMRE Earning Call Sentiment
Costamare Inc. (CMRE) Q3 2024 Earnings Call Transcript
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CMRE.N
-1.27%Positive
The earnings call presents a mixed outlook. While there are positive aspects like firm charter rates, strong liquidity, and fleet employment, concerns about market competition, high asset prices, and lack of shareholder return initiatives weigh negatively. The Q&A reveals management's cautious approach to investments and dividends. Given the market cap of $1.97 billion, the stock is likely to experience a neutral movement (-2% to 2%) over the next two weeks, as positive and negative factors balance out.