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Pangaea Logistics (PANL) Dips More Than Broader Markets: What You Should Know

Pangaea Logistics (PANL) closed at $4.37 in the latest trading session, marking a -0.68% move from the prior day.

This story originally appeared on Zacks

Pangaea Logistics (PANL) closed at $4.37 in the latest trading session, marking a -0.68% move from the prior day. This move lagged the S&P 500's daily loss of 0.51%.

- Zacks

Heading into today, shares of the maritime logistics company had lost 13.89% over the past month, lagging the Transportation sector's gain of 5.91% and the S&P 500's gain of 3.08% in that time.

PANL will be looking to display strength as it nears its next earnings release. On that day, PANL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 84.21%. Our most recent consensus estimate is calling for quarterly revenue of $179.05 million, up 72.54% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.15 per share and revenue of $609.16 million, which would represent changes of +342.31% and +59.09%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for PANL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.

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. PANL currently has a Zacks Rank of #3 (Hold).

Investors should also note PANL's current valuation metrics, including its Forward P/E ratio of 3.83. For comparison, its industry has an average Forward P/E of 4.83, which means PANL is trading at a discount to the group.

The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% 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.

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