Costamare (NYSE: CMRE) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Costamare beat expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.

Margins improved across the board.

Revenue details
Costamare tallied revenue of $100.0 million. The two analysts polled by S&P Capital IQ expected revenue of $97.7 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $86.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.41. The five earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.40 for Q1 were 33% higher than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 68.9%, 510 basis points better than the prior-year quarter. Operating margin was 44.3%, 740 basis points better than the prior-year quarter. Net margin was 24.5%, 360 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $96.1 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $396.8 million. The average EPS estimate is $1.26.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Costamare is outperform, with an average price target of $18.67.

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