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

Pangaea Logistics Solutions

10/08/2021 22:02

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported quarterly
adjusted earnings of 43 cents​​ per share for the quarter ended
in June. The lone analyst forecast for the quarter was
for earnings of 22 cents per share.
* Revenue rose 106.8% to $145.54 million from a year ago; 
analysts expected $165.17 million. 
* The mean earnings estimate of analysts had risen by about 100%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Pangaea Logistics Solutions Ltd shares had fallen by 1.6% this
quarter and gained 78.3% so far this year.
* The company reported quarterly net income of $19.23 million.
* Wall Street's median 12-month price target for Pangaea
Logistics Solutions Ltd is $4.85 
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
This summary was machine generated August 10 at 09:02 p.m.  ​All
figures in US dollars unless otherwise stated