Costamare Past Earnings Performance
Past criteria checks 2/6
Costamare has been growing earnings at an average annual rate of 34.3%, while the Shipping industry saw earnings growing at 40.5% annually. Revenues have been growing at an average rate of 32.2% per year. Costamare's return on equity is 15.3%, and it has net margins of 17.6%.
Key information
34.3%
Earnings growth rate
34.5%
EPS growth rate
| Shipping Industry Growth | 51.9% |
| Revenue growth rate | 32.2% |
| Return on equity | 15.3% |
| Net Margin | 17.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Costamare: Attractive Valuations And A 3.5% Dividend Yield
Dec 10We Like These Underlying Return On Capital Trends At Costamare (NYSE:CMRE)
Nov 19
Costamare (NYSE:CMRE) Takes On Some Risk With Its Use Of Debt
Oct 24Costamare Inc.'s (NYSE:CMRE) Low P/E No Reason For Excitement
Oct 05Is There Now An Opportunity In Costamare Inc. (NYSE:CMRE)?
Sep 14An Intrinsic Calculation For Costamare Inc. (NYSE:CMRE) Suggests It's 43% Undervalued
Aug 23Costamare: Potential Bagger, But I Haven't Bought Shares Yet
Aug 04Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jul 18Costamare (NYSE:CMRE) Is Paying Out A Dividend Of $0.115
Jul 04Is Costamare (NYSE:CMRE) A Risky Investment?
Jun 16Costamare Inc. (NYSE:CMRE) Stock Catapults 28% Though Its Price And Business Still Lag The Market
May 29We Like These Underlying Return On Capital Trends At Costamare (NYSE:CMRE)
Apr 24Earnings Troubles May Signal Larger Issues for Costamare (NYSE:CMRE) Shareholders
Apr 05What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?
Mar 20Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap
Mar 07Costamare (NYSE:CMRE) Seems To Be Using A Lot Of Debt
Feb 03The Market Doesn't Like What It Sees From Costamare Inc.'s (NYSE:CMRE) Earnings Yet
Jan 04Costamare (NYSE:CMRE) Shareholders Will Want The ROCE Trajectory To Continue
Dec 08Is It Time To Consider Buying Costamare Inc. (NYSE:CMRE)?
Nov 10Costamare: A Complex Yet Promising Long-Term Hold
Oct 18Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Oct 05Does Costamare (NYSE:CMRE) Have A Healthy Balance Sheet?
Sep 12Is Costamare A Buy Or A Sell After Its 22% Post-Earnings Rally?
Jul 31Costamare (NYSE:CMRE) Is Doing The Right Things To Multiply Its Share Price
Jul 31Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jul 13Costamare: Sell The Preferreds, Buy The Common At 3.2X EPS
Jul 03Costamare: Buying A Dollar For 50 Cents
Jun 23Here's Why We Think Costamare (NYSE:CMRE) Might Deserve Your Attention Today
Jun 08Costamare (NYSE:CMRE) Use Of Debt Could Be Considered Risky
May 26Costamare (NYSE:CMRE) Might Have The Makings Of A Multi-Bagger
Apr 13What Does Costamare Inc.'s (NYSE:CMRE) Share Price Indicate?
Feb 28Costamare: Diversified And Hinting Towards Strong Growth
Feb 20Costamare Q4 2022 Earnings Preview
Feb 07Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115
Jan 06Is Costamare (NYSE:CMRE) A Risky Investment?
Nov 17Costamare Q3 2022 Earnings Preview
Nov 01Costamare (NYSE:CMRE) Has Announced A Dividend Of $0.115
Oct 06Revenue & Expenses Breakdown
How Costamare makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,030 | 358 | 88 | 0 |
| 30 Jun 24 | 1,886 | 335 | 84 | 0 |
| 31 Mar 24 | 1,738 | 307 | 81 | 0 |
| 31 Dec 23 | 1,511 | 355 | 80 | 0 |
| 30 Sep 23 | 1,282 | 445 | 81 | 0 |
| 30 Jun 23 | 1,171 | 499 | 75 | 0 |
| 31 Mar 23 | 1,095 | 550 | 71 | 0 |
| 31 Dec 22 | 1,114 | 524 | 66 | 0 |
| 30 Sep 22 | 1,132 | 491 | 63 | 0 |
| 30 Jun 22 | 1,059 | 490 | 61 | 0 |
| 31 Mar 22 | 935 | 459 | 54 | 0 |
| 31 Dec 21 | 794 | 404 | 46 | 0 |
| 30 Sep 21 | 629 | 270 | 40 | 0 |
| 30 Jun 21 | 521 | 180 | 36 | 0 |
| 31 Mar 21 | 466 | 13 | 34 | 0 |
| 31 Dec 20 | 460 | -22 | 33 | 0 |
| 30 Sep 20 | 466 | -13 | 32 | 0 |
| 30 Jun 20 | 481 | -2 | 32 | 0 |
| 31 Mar 20 | 487 | 103 | 31 | 0 |
| 31 Dec 19 | 478 | 68 | 31 | 0 |
| 30 Sep 19 | 460 | 52 | 30 | 0 |
| 30 Jun 19 | 427 | 30 | 29 | 0 |
| 31 Mar 19 | 401 | 15 | 29 | 0 |
| 31 Dec 18 | 380 | 37 | 29 | 0 |
| 30 Sep 18 | 375 | 22 | 28 | 0 |
| 30 Jun 18 | 385 | 35 | 28 | 0 |
| 31 Mar 18 | 400 | 46 | 28 | 0 |
| 31 Dec 17 | 412 | 52 | 28 | 0 |
| 30 Sep 17 | 422 | 38 | 32 | 0 |
| 30 Jun 17 | 439 | 35 | 32 | 0 |
| 31 Mar 17 | 453 | 49 | 33 | 0 |
| 31 Dec 16 | 468 | 61 | 33 | 0 |
| 30 Sep 16 | 480 | 110 | 33 | 0 |
| 30 Jun 16 | 486 | 124 | 34 | 0 |
| 31 Mar 16 | 490 | 132 | 35 | 0 |
| 31 Dec 15 | 490 | 126 | 36 | 0 |
| 30 Sep 15 | 489 | 121 | 33 | 0 |
| 30 Jun 15 | 490 | 125 | 32 | 0 |
| 31 Mar 15 | 490 | 109 | 29 | 0 |
| 31 Dec 14 | 484 | 103 | 26 | 0 |
| 30 Sep 14 | 476 | 101 | 28 | 0 |
| 30 Jun 14 | 461 | 88 | 27 | 0 |
| 31 Mar 14 | 438 | 94 | 26 | 0 |
| 31 Dec 13 | 414 | 102 | 25 | 0 |
Quality Earnings: CMRE has high quality earnings.
Growing Profit Margin: CMRE's current net profit margins (17.6%) are lower than last year (34.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CMRE's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: CMRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMRE had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Shipping industry average (27.4%).
Return on Equity
High ROE: CMRE's Return on Equity (15.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Costamare Inc. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mauro Suarez | Alliance Global Partners |
| Garrett Chase | Barclays |
| Donald McLee | Berenberg |