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

Pangaea Logistics Solutions

09/08/2022 23:27

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 56 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 42 cents per share.
    * Revenue rose 34.4% to $195.54 million from a year ago;
analysts
expected $171.90 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 56 cents​.
    * The mean earnings estimate of analysts had risen by
about 67% 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 fallen by 0.6%
this
quarter and gained 33.6% so far this year.
    * The company reported quarterly net income of $25.03
million.
    * Wall Street's median 12-month price target for Pangaea
Logistics
Solutions Ltd is $7.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 10:26 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.42           0.56           Beat
 Mar. 31 2022      0.32           0.45           Beat
 Dec. 31 2021      0.53           0.34           Missed
 Sep. 30 2021      0.50           0.60           Beat