Pangaea Logistics Solns Q3 2023 Adj EPS $0.32 Beats $0.16 Estimate, Sales $135.62M Beat $124.54M Estimate
Portfolio Pulse from saritha@benzinga.com
Pangaea Logistics Solns (NASDAQ:PANL) reported Q3 2023 earnings of $0.32 per share, beating the analyst consensus estimate of $0.16 by 100%. However, this is a 38.46% decrease from the same period last year. The company also reported quarterly sales of $135.62 million, beating the analyst consensus estimate of $124.54 million by 8.89%, but this is a 26.49% decrease from the same period last year.
November 08, 2023 | 10:18 pm
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Pangaea Logistics Solns reported better than expected Q3 2023 earnings and sales, but both figures are down from the same period last year.
While Pangaea Logistics Solns beat analyst estimates for Q3 2023, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100