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

Pangaea Logistics Solutions

10/05/2022 23:27

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 45 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 32 cents per share.
    * Revenue rose 53.4% to $191.76 million from a year ago; 
analysts
expected $192.85 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 45 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.8%
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 13.3%
this
quarter and gained 27.5% so far this year.
    * The company reported quarterly net income of $20.17
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 10 at 10:26 p.m.  ​All
figures in US dollars unless otherwise stated