Pangaea Logistics Solutions Ltd reports results for the quarter ended September 30 - Earnings Summary

Pangaea Logistics Solutions

13/11/2024 14:15

* Pangaea Logistics Solutions Ltd  PANL.OQ  reported
quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 42 cents.  The mean expectation of
three analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 24 cents to 29
cents per share.
    * Revenue rose 12.9% to $153.12 million from a year ago;
analysts
expected $141.33 million. 
    * Pangaea Logistics Solutions Ltd's reported EPS for the
quarter
was 11 cents​.
    * The company reported quarterly net income of $5.11
million.
    * Pangaea Logistics Solutions Ltd shares had fallen by 6.4%
this
quarter and lost 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the marine
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Pangaea Logistics
Solutions Ltd is 10.25 
This summary was machine generated from LSEG data November 13 at
02:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.27           0.11           Missed
 Jun. 30 2024      0.15           0.08           Missed
 Mar. 31 2024      0.14           0.25           Beat
 Dec. 31 2023      0.34           0.03           Missed