Costamare (NYSE: CMRE) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Costamare missed estimates on revenues and beat expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Costamare reported revenue of $95.2 million. The four analysts polled by S&P Capital IQ predicted a top line of $97.8 million on the same basis. GAAP reported sales were 6.7% lower than the prior-year quarter's $102.0 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 $0.32. The six earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. GAAP EPS of $0.31 for Q4 were 28% lower than the prior-year quarter's $0.43 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 66.2%, 370 basis points worse than the prior-year quarter. Operating margin was 40.1%, 410 basis points worse than the prior-year quarter. Net margin was 24.1%, 150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $97.8 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $450.1 million. The average EPS estimate is $1.41.

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 $17.60.

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