Pangaea Logistics Solutions Ltd expected to post earnings of 34 cents a share - Earnings Preview

Pangaea Logistics Solutions

11/03/2024 20:15

* Pangaea Logistics Solutions Ltd  PANL.OQ   PANL.O  is
expected
to show a rise in quarterly revenue when it reports  results on
March 13 for the period ending December 31 2023
    * The Newport Rhode Island-based  company is expected to
report a
9.6% increase in revenue to $140.165 million from $127.92
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Pangaea Logistics
Solutions
Ltd is for earnings of 34 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 $8.35.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.25        0.29       0.34      Beat    18.1
 ​​Sep.        0.56        0.56       0.42      Missed  -25.4
 30 2022                                                
 Jun. 30 2022  0.46        0.42       0.56      Beat    34.1​
 Mar. 31 2022  0.31        0.32       0.45      Beat    40.6
 Dec. 31 2021  0.63        0.53       0.34      Missed  -35.8
 This summary was machine generated March 11 at 20:15 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)