Pangaea Logistics Solutions Ltd reports results for the quarter ended in December - Earnings Summary

Pangaea Logistics Solutions

15/03/2023 21:02

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 34 cents​​ per share for the quarter ended
in December. The mean expectation of three analysts for the
quarter was for earnings of 29 cents per share.
    * Revenue fell 45.5% to $127.92 million from a year ago;
analysts
expected $157.20 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 34 cents​.
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Pangaea Logistics Solutions Ltd shares had risen by 20.4%
this
quarter.
    * The company reported quarterly net income of $15.5
million.
    * Wall Street's median 12-month price target for Pangaea
Logistics
Solutions Ltd is $8.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 15 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.29           0.34           Beat
 Sep. 30 2022      0.56           0.42           Missed
 Jun. 30 2022      0.42           0.56           Beat
 Mar. 31 2022      0.32           0.45           Beat