Pangaea Logistics Solutions Ltd expected to post earnings of 32  cents a share - Earnings Preview

Pangaea Logistics Solutions

07/05/2022 03:06

* Pangaea Logistics Solutions Ltd  PANL.OQ   PANL.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 10. 
    * The Newport Rhode Island-based  company is expected to
report  a
54.3% increase in revenue to $192.85 million from $124.97
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Pangaea Logistics
Solutions Ltd is for earnings of 32 cents per share. For the
same quarter last year, the company reported earnings of 13
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 had risen by
about 11.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Pangaea
Logistics
Solutions Ltd is $7.5​, above​ its last closing price of $5.09.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  0.07        0.07       0.13      Beat    85.7
 ​​Dec.        0.06        0.07       0.17      Beat    142.9
 31 2020                                                
 Sep. 30 2020  0.22        0.22       0.19      Missed  -13.6​
 Jun. 30 2020  -0.14       -0.14      0.09      Beat    164.3
 Mar. 31 2020              0.03       -0.09     Missed  -400
 This summary was machine generated May 7 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated