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Pangaea Logistics (PANL) Gains As Market Dips: What You Should Know
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Pangaea Logistics (PANL - Free Report) closed at $5.17 in the latest trading session, marking a +1.77% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the maritime logistics company had gained 0.99% in the past month. In that same time, the Transportation sector gained 7.57%, while the S&P 500 gained 8.35%.
Wall Street will be looking for positivity from Pangaea Logistics as it approaches its next earnings report date. This is expected to be August 9, 2022. On that day, Pangaea Logistics is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 27.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $180.79 million, up 24.22% from the year-ago period.
PANL's full-year Zacks Consensus Estimates are calling for earnings of $1.67 per share and revenue of $756.08 million. These results would represent year-over-year changes of +18.44% and +5.29%, respectively.
Investors might also notice recent changes to analyst estimates for Pangaea Logistics. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Pangaea Logistics currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Pangaea Logistics has a Forward P/E ratio of 3.05 right now. Its industry sports an average Forward P/E of 3.41, 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 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Pangaea Logistics (PANL) Gains As Market Dips: What You Should Know
Pangaea Logistics (PANL - Free Report) closed at $5.17 in the latest trading session, marking a +1.77% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the maritime logistics company had gained 0.99% in the past month. In that same time, the Transportation sector gained 7.57%, while the S&P 500 gained 8.35%.
Wall Street will be looking for positivity from Pangaea Logistics as it approaches its next earnings report date. This is expected to be August 9, 2022. On that day, Pangaea Logistics is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 27.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $180.79 million, up 24.22% from the year-ago period.
PANL's full-year Zacks Consensus Estimates are calling for earnings of $1.67 per share and revenue of $756.08 million. These results would represent year-over-year changes of +18.44% and +5.29%, respectively.
Investors might also notice recent changes to analyst estimates for Pangaea Logistics. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Pangaea Logistics currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Pangaea Logistics has a Forward P/E ratio of 3.05 right now. Its industry sports an average Forward P/E of 3.41, 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 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.