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Pangaea Logistics Solns (NASDAQ:PANL) is set to give its latest quarterly earnings report on Wednesday, 2023-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Pangaea Logistics Solns will report an earnings per share (EPS) of $0.16.
Pangaea Logistics Solns bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Last quarter the company missed EPS by $0.07, which was followed by a 11.69% drop in the share price the next day.
Here's a look at Pangaea Logistics Solns's past performance and the resulting price change:
Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
---|---|---|---|---|
EPS Estimate | 0.17 | 0.06 | 0.29 | 0.56 |
EPS Actual | 0.10 | 0.11 | 0.32 | 0.52 |
Price Change % | -11.69% | 1.49% | -5.12% | -5.04% |
Shares of Pangaea Logistics Solns were trading at $6.03 as of November 06. Over the last 52-week period, shares are up 16.96%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: PANL