Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) is reporting second quarter earnings results on Wednesday 12th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.14 per share from $ 75.40 million in revenue.
For the full year, analysts predict revenues of $ 390.03 million, while looking forward to income of $ 0.25 per share.
Previous Quarter Performance
Pangaea Logistics Solutions Ltd. revealed loss for the first quarter of $ 0.09 per share, from the revenue of $ 95.88 million. Wall street analysts are predicting, PANL to report 1Q20 income of $ 0.03 per share from revenue of $ 86.13 million. The bottom line results missed street analysts by $ 0.12 or 400 percent, at the same time, top line results outshined analysts by $ 9.75 million or 11.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PANL was $ 2.54, representing a 58.75 % increase from the 52 week low of $ 1.60 and a 24.85 % decrease over the 52 week high of $ 3.38.
The company has a market capital of $ 105.00 million and is part of the Industrials sector and Shipping & Ports industry.
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Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management.
