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

• Pangaea Logistics Solutions Ltd PANL.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -4 cents to 6 cents per share.

• Revenue rose 19.2% to $156.69 million from a year ago; analysts expected $129.24 million.

• Pangaea Logistics Solutions Ltd's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $2.74 million.

• Pangaea Logistics Solutions Ltd shares had risen by 2.8% this quarter and lost 9.9% so far this year.

FORECAST CHANGES

• 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 $8.80, about 45.1% above its last closing price of $4.83

This summary was machine generated from LSEG data August 8 at 06:46 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)