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Pangaea Logistics (PANL) Stock Sinks As Market Gains: What You Should Know
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Pangaea Logistics (PANL - Free Report) closed at $4.98 in the latest trading session, marking a -0.2% move from the prior day. This move lagged the S&P 500's daily gain of 2.99%. At the same time, the Dow added 2.81%, and the tech-heavy Nasdaq gained 0.13%.
Coming into today, shares of the maritime logistics company had gained 2.89% in the past month. In that same time, the Transportation sector lost 6.58%, while the S&P 500 lost 8.06%.
Wall Street will be looking for positivity from Pangaea Logistics as it approaches its next earnings report date. This is expected to be May 10, 2022. On that day, Pangaea Logistics is projected to report earnings of $0.32 per share, which would represent year-over-year growth of 255.56%. Our most recent consensus estimate is calling for quarterly revenue of $192.85 million, up 54.31% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.26 per share and revenue of $787.2 million. These totals would mark changes of -10.64% and +9.62%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Pangaea Logistics. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pangaea Logistics is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Pangaea Logistics currently has a Forward P/E ratio of 3.96. Its industry sports an average Forward P/E of 4.4, so we one might conclude that Pangaea Logistics is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pangaea Logistics (PANL) Stock Sinks As Market Gains: What You Should Know
Pangaea Logistics (PANL - Free Report) closed at $4.98 in the latest trading session, marking a -0.2% move from the prior day. This move lagged the S&P 500's daily gain of 2.99%. At the same time, the Dow added 2.81%, and the tech-heavy Nasdaq gained 0.13%.
Coming into today, shares of the maritime logistics company had gained 2.89% in the past month. In that same time, the Transportation sector lost 6.58%, while the S&P 500 lost 8.06%.
Wall Street will be looking for positivity from Pangaea Logistics as it approaches its next earnings report date. This is expected to be May 10, 2022. On that day, Pangaea Logistics is projected to report earnings of $0.32 per share, which would represent year-over-year growth of 255.56%. Our most recent consensus estimate is calling for quarterly revenue of $192.85 million, up 54.31% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.26 per share and revenue of $787.2 million. These totals would mark changes of -10.64% and +9.62%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Pangaea Logistics. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pangaea Logistics is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Pangaea Logistics currently has a Forward P/E ratio of 3.96. Its industry sports an average Forward P/E of 4.4, so we one might conclude that Pangaea Logistics is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.