Costamare (CMRE) stock closed up 0.54%, with positive growth projections and undervaluation

From Nasdaq: 2024-12-13 17:45:17

Costamare (CMRE) closed at $12.95, up 0.54%. In the past month, the stock fell by 11.48%, underperforming the Transportation sector’s 3.29% loss and the S&P 500’s 1.27% gain. Earnings release is imminent, with an expected EPS of $0.75 and revenue of $505.33 million, showing positive growth projections.

Costamare has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 4.56, indicating undervaluation compared to the industry average of 5.66. The Transportation – Shipping industry ranks 219 out of 250+ industries. Zacks Industry Rank data shows top-rated industries outperform the bottom half significantly.

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Read more at Nasdaq: Costamare (CMRE) Stock Moves 0.54%: What You Should Know