Pangaea Logistics Solutions Ltd expected to post earnings of 17  cents a share - Earnings Preview

Pangaea Logistics Solutions

08/08/2023 01:06

* Pangaea Logistics Solutions Ltd  PANL.OQ   PANL.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 9. 
    * The Newport Rhode Island-based  company is expected to
report  a
38.1% decrease in revenue to $120.989 million from $195.54
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Pangaea Logistics
Solutions Ltd is for earnings of 17 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 $8.5​, above​ its last closing price of $6.99.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.06        0.06       0.08      Beat    25.6
 Dec. 31 2023  0.25        0.29       0.34      Beat    18.1
 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.        0.31        0.32       0.45      Beat    40.6
 31 2022                                                
 Dec. 31 2021  0.63        0.53       0.34      Missed  -35.8​
 Sep. 30 2021  0.54        0.50       0.60      Beat    20
 Jun. 30 2021  0.22        0.22       0.43      Beat    95.5
 This summary was machine generated August 8 at 00:06 GMT.  All
figures in US dollars  unless otherwise stated