Pangaea Logistics (NASDAQ:PANL) will be reporting results tomorrow afternoon. Here’s what to look for.
Pangaea beat analysts’ revenue expectations by 8.3% last quarter, reporting revenues of $153.1 million, up 12.9% year on year. It was a mixed quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Pangaea a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Pangaea’s revenue to decline 3.5% year on year to $127.3 million, a reversal from the 3.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pangaea has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Pangaea’s peers in the marine transportation segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Matson delivered year-on-year revenue growth of 12.9%, beating analysts’ expectations by 4.5%, and Genco reported a revenue decline of 5.4%, in line with consensus estimates. Matson traded up 1.8% following the results while Genco’s stock price was unchanged.
Read our full analysis of Matson’s results here and Genco’s results here.
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