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

Pangaea Logistics Solutions

10/05/2023 22:47

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 6 cents per share.
    * Revenue fell 40.7% to $113.70 million from a year ago;
analysts
expected $100.04 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% 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 risen by 3.1%
this
quarter and gained 17.5% so far this year.
    * The company reported quarterly net income of $3.47
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 May
10 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.42           0.56           Beat