Costamare (CMRE) closed the most recent trading day at $14.32, moving -1.65% from the previous trading session. This change lagged the S&P 500's daily gain of 0.71%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 0.6%.

Shares of the shipping company witnessed a gain of 13.31% over the previous month, beating the performance of the Transportation sector with its gain of 3.49% and the S&P 500's gain of 6.41%.

The investment community will be paying close attention to the earnings performance of Costamare in its upcoming release. The company's upcoming EPS is projected at $0.79, signifying a 71.74% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $424.93 million, indicating a 6.13% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $3.05 per share and revenue of $1.85 billion, which would represent changes of +47.34% and +22.32%, respectively, from the prior year.

Any recent changes to analyst estimates for Costamare should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Costamare holds a Zacks Rank of #3 (Hold).

Digging into valuation, Costamare currently has a Forward P/E ratio of 4.78. This signifies a discount in comparison to the average Forward P/E of 8.19 for its industry.

The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 37% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.