Recap: Pangaea Logistics Solns Q4 Earnings
Portfolio Pulse from Benzinga Insights
Pangaea Logistics Solns (NASDAQ:PANL) reported Q4 earnings with an EPS of $0.16, missing estimates by -53.0% against an expected $0.34. Revenue increased by $3.95 million from the previous year. In Q3 2023, the company exceeded EPS estimates, leading to an 8.0% share price increase the following day.
March 13, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pangaea Logistics Solns reported a significant miss in Q4 earnings with an EPS of $0.16 against an estimate of $0.34, but saw an increase in revenue by $3.95 million from the same period last year.
The significant miss in estimated earnings (EPS) by -53.0% is likely to negatively impact investor sentiment and could lead to a short-term decrease in PANL's stock price. However, the increase in revenue might offset some of the negative impact. Historical data shows that the company's stock price increased by 8.0% the day after beating EPS estimates last quarter, indicating that earnings reports have a notable impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100