Pangaea Logistics (NASDAQ:PANL) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.

Pangaea beat analysts’ revenue expectations by 17% last quarter, reporting revenues of $131.5 million, up 11.4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ earnings estimates and a decent beat of analysts’ EBITDA 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 grow 4.2% year on year to $141.3 million, a reversal from the 26.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.

The majority of analysts covering the company have 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 Q3 results, giving us a hint as to what we can expect. Kirby delivered year-on-year revenue growth of 8.7%, meeting analysts’ expectations, and Matson reported revenues up 16.3%, in line with consensus estimates. Kirby traded down 6.6% following the results while Matson was up 15.9%.

Read our full analysis of Kirby’s results here and Matson’s results here.

There has been positive sentiment among investors in the marine transportation segment, with share prices up 4.8% on average over the last month. Pangaea is up 1.4% during the same time and is heading into earnings with an average analyst price target of $10.08 (compared to the current share price of $6.58).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.