Pangaea Logistics (PANL) got here out with quarterly earnings of $0.19 per share, lacking the Zacks
Pangaea Logistics (PANL) got here out with quarterly earnings of $0.19 per share, lacking the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.19 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -13.64%. 1 / 4 in the past, it was anticipated that this maritime logistics firm would submit a lack of $0.14 per share when it truly produced earnings of $0.09, delivering a shock of 164.29%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Pangaea Logistics, which belongs to the Zacks Transportation – Delivery business, posted revenues of $103.77 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 12.43%. This compares to year-ago revenues of $118.89 million. The corporate has not been in a position to beat consensus income estimates over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Pangaea Logistics shares have added about 6.1% for the reason that starting of the 12 months versus the S&P 500’s achieve of 9.7%.
What’s Subsequent for Pangaea Logistics?
Whereas Pangaea Logistics has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Pangaea Logistics was favorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the whole record of immediately’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.15 on $102.35 million in revenues for the approaching quarter and $0.29 on $387.12 million in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Transportation – Delivery is at the moment within the backside 18% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Need the newest suggestions from Zacks Funding Analysis? In the present day, you may obtain 7 Greatest Shares for the Subsequent 30 Days. Click on to get this free report
Pangaea Logistics Options Ltd. (PANL): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
Zacks Funding Analysis
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.