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Is Costamare (CMRE) Stock Outpacing Its Transportation Peers This Year?

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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Costamare (CMRE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.

Costamare is a member of the Transportation sector. This group includes 136 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CMRE is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CMRE's full-year earnings has moved 25.56% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, CMRE has gained about 43.36% so far this year. At the same time, Transportation stocks have gained an average of 6.67%. This shows that Costamare is outperforming its peers so far this year.

Looking more specifically, CMRE belongs to the Transportation - Shipping industry, which includes 42 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 46.02% so far this year, so CMRE is slightly underperforming its industry this group in terms of year-to-date returns.

Going forward, investors interested in Transportation stocks should continue to pay close attention to CMRE as it looks to continue its solid performance.


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