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

• Pangaea Logistics Solutions Ltd PANL.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -15 cents to -10 cents per share.

• Revenue rose 17.2% to $122.80 million from a year ago; analysts expected $128.45 million.

• Pangaea Logistics Solutions Ltd's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $1.98 million.

• Pangaea Logistics Solutions Ltd shares had fallen by 15.8% this quarter and lost 25.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 359.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 May 12 at 10:46 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)