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

Pangaea Logistics Solutions

09/08/2023 22:57

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 12 cents per share.
    * Revenue fell 39.9% to $117.56 million from a year ago;
analysts
expected $120.99 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Pangaea Logistics Solutions Ltd shares had risen by 3.4%
this
quarter and gained 35.9% so far this year.
    * The company reported quarterly net income of $2.84
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
August 9 at 09:57 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.06           Missed
 Mar. 31 2023      0.06           0.08           Beat
 Dec. 31 2022      0.29           0.34           Beat
 Sep. 30 2022      0.56           0.42           Missed