Pangaea Logistics Solutions Ltd expected to post earnings of 14 cents a share - Earnings Preview

Pangaea Logistics Solutions

08/05/2024 02:02

* Pangaea Logistics Solutions Ltd  PANL.OQ   PANL.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 9 for the period ending March 31 2024
    * The Newport Rhode Island-based  company is expected to
report a
3.3% increase in revenue to $117.472 million from $113.7 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Pangaea Logistics
Solutions
Ltd is for earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Pangaea
Logistics
Solutions Ltd is $9.00​, above​ its last closing price of $7.46.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.34        0.34       0.03      Missed  -91.1
 Sep. 30 2023  0.16        0.15       0.42      Beat    173.9
 Jun. 30 2023  0.13        0.17       0.06      Missed  -64.7​
 Mar. 31 2023  0.06        0.06       0.08      Beat    25.6
 ​​Dec.        0.25        0.29       0.34      Beat    18.1
 31 2022                                                
 Sep. 30 2022  0.56        0.56       0.42      Missed  -25.4​
 Jun. 30 2022  0.46        0.42       0.56      Beat    34.1
 Mar. 31 2022  0.31        0.32       0.45      Beat    40.6
 This summary was machine generated May 8 at 01:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)