Pangaea Logistics Solutions Ltd expected to post earnings of 15 cents a share - Earnings Preview

Pangaea Logistics Solutions

07/08/2024 02:00

* Pangaea Logistics Solutions Ltd  PANL.OQ   PANL.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8 for the period ending June 30 2024
    * The Newport Rhode Island-based  company is expected to
report a
13.1% decrease in revenue to $102.582 million from $118.08
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Pangaea Logistics
Solutions
Ltd is for earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $10.25​, above​ its last closing price
of $6.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.14        0.14       0.25      Beat    85.2
 Dec. 31 2024  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.        0.06        0.06       0.08      Beat    25.6
 31 2023                                                
 Dec. 31 2022  0.25        0.29       0.34      Beat    18.1​
 Sep. 30 2022  0.56        0.56       0.42      Missed  -25.4
 Jan. 1 0001   0.46        0.42       0.56      Beat    34.1
 This summary was machine generated August 7 at 01:00 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)