Pangaea Logistics Solutions Ltd reports results for the quarter ended December 31 - Earnings Summary

• Pangaea Logistics Solutions Ltd PANL.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of three analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from -6 cents to 20 cents per share.

• Revenue rose 11.6% to $147.17 million from a year ago; analysts expected $124.18 million.

• Pangaea Logistics Solutions Ltd's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $8.44 million.

• Pangaea Logistics Solutions Ltd shares had fallen by 9.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 57.1% 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 March 14 at 04:12 a.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)