Stock Analysis

Pangaea Logistics Solutions Full Year 2022 Earnings: Revenues Disappoint

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Pangaea Logistics Solutions (NASDAQ:PANL) Full Year 2022 Results

Key Financial Results

  • Revenue: US$699.7m (down 2.6% from FY 2021).
  • Net income: US$79.5m (up 18% from FY 2021).
  • Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by lower expenses.
  • EPS: US$1.79 (up from US$1.53 in FY 2021).
NasdaqCM:PANL Earnings and Revenue History March 17th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pangaea Logistics Solutions Revenues Disappoint

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

The company's shares are down 12% from a week ago.

Risk Analysis

Be aware that Pangaea Logistics Solutions is showing 1 warning sign in our investment analysis that you should know about...

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