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

Pangaea Logistics Solutions

09/11/2022 22:37

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 56 cents per share.
    * Revenue fell 13.4% to $184.48 million from a year ago;
analysts
expected $181.01 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 42 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 11.3%
this
quarter and gained 36.0% so far this year.
    * The company reported quarterly net income of $18.79
million.
    * Wall Street's median 12-month price target for Pangaea
Logistics
Solutions Ltd is $8.00 
    * 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 November
9 at 10:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.56           0.42           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