Pangaea Logistics Solns Q4 2023 Adj EPS $0.16 Misses $0.34 Estimate, Sales $131.877M Miss $140.165M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pangaea Logistics Solns (NASDAQ:PANL) reported Q4 2023 adjusted EPS of $0.16, missing the $0.34 estimate, and sales of $131.877M, missing the $140.165M estimate. This represents a 3.09% increase in sales compared to the same period last year.
March 13, 2024 | 9:31 pm
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NEGATIVE IMPACT
Pangaea Logistics Solns reported lower than expected Q4 2023 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially with a 52.94% miss on the EPS estimate, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100