Latest news with #Genco
Yahoo
11-05-2025
- Business
- Yahoo
Pangaea (PANL) Reports Q1: Everything You Need To Know Ahead Of Earnings
Pangaea Logistics (NASDAQ:PANL) will be reporting earnings tomorrow afternoon. Here's what investors should know. Pangaea beat analysts' revenue expectations by 15.6% last quarter, reporting revenues of $147.2 million, up 11.6% year on year. It was a strong quarter for the company, with a solid 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 22.6% year on year to $128.5 million, a reversal from the 7.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share. Analysts covering the company have generally 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 three times over the last two years. Looking at Pangaea's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Genco reported a revenue decline of 43.9%, topping estimates by 4.8%. Scorpio Tankers traded up 5.4% following the results while Genco's stock price was unchanged. Read our full analysis of Scorpio Tankers's results here and Genco's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 9.9% on average over the last month. Pangaea is down 3.9% during the same time and is heading into earnings with an average analyst price target of $9.38 (compared to the current share price of $4.14). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Pangaea (PANL) Reports Q1: Everything You Need To Know Ahead Of Earnings
Pangaea Logistics (NASDAQ:PANL) will be reporting earnings tomorrow afternoon. Here's what investors should know. Pangaea beat analysts' revenue expectations by 15.6% last quarter, reporting revenues of $147.2 million, up 11.6% year on year. It was a strong quarter for the company, with a solid 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 22.6% year on year to $128.5 million, a reversal from the 7.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share. Analysts covering the company have generally 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 three times over the last two years. Looking at Pangaea's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Genco reported a revenue decline of 43.9%, topping estimates by 4.8%. Scorpio Tankers traded up 5.4% following the results while Genco's stock price was unchanged. Read our full analysis of Scorpio Tankers's results here and Genco's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 9.9% on average over the last month. Pangaea is down 3.9% during the same time and is heading into earnings with an average analyst price target of $9.38 (compared to the current share price of $4.14). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
What To Expect From Genco's (GNK) Q1 Earnings
Maritime shipping company Genco (NYSE:GNK) will be announcing earnings results tomorrow after market hours. Here's what you need to know. Genco met analysts' revenue expectations last quarter, reporting revenues of $67.53 million, down 5.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. It reported 42 owned vessels, down 8.7% year on year. Is Genco a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Genco's revenue to decline 46.5% year on year to $42.31 million, a reversal from the 42.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.27 per share. Genco Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Genco has missed Wall Street's revenue estimates three times over the last two years. Looking at Genco's peers in the marine transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scorpio Tankers's revenues decreased 47.6% year on year, beating analysts' expectations by 1.7%, and Matson reported revenues up 8.3%, falling short of estimates by 4.4%. Scorpio Tankers traded up 5.4% following the results. Read our full analysis of Scorpio Tankers's results here and Matson's results here. There has been positive sentiment among investors in the marine transportation segment, with share prices up 12.3% on average over the last month. Genco is up 10.9% during the same time and is heading into earnings with an average analyst price target of $19.37 (compared to the current share price of $13.46). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
The Hindu
28-04-2025
- General
- The Hindu
Fire mishap in YTPS Unit-II; major loss averted
HYDERABAD A major disaster was averted at the 5x800 megawatt Yadadri Thermal Power Station (YTPS) — under construction near Veerlapalem village of Damaracherla mandal in Nalgonda district — late on Sunday (April 27, 2025) night with timely dousing of fire in the Unit-I, which has been under the trial run for the last few months. According to officials of the Telangana Power Generation Corporation Ltd (TG-Genco), the oil in the Unit-I boiler caught fire following an accidental electrical spark. The fire spread to different parts of the unit spread across three floors within minutes. However, the plant engineers' swift reaction to put off fire with mobile and portable extinguishers helped douse it without causing huge damage. The Unit-II of the power plant is already under commercial operation, though it is yet to be inaugurated formally, from December 24. The trial run of the Unit-I is in progress since November 2024. Official sources said that the Unit-I has generated 278.51 million units and supplied to the grid till March-end. Similarly, the Unit-II has generated 498.73 million units of energy and supplied to the grid till March-end. The management of the Genco and the State Government have planned to start all the five units and synchronise them with the grid by May this year, but various issues have delayed their commercial operation. One of the main reasons cited, according to sources, is the delay in the completion of the railway track to the power plant to bring the raw material (coal) from Singareni mines. As a result, it is being transported by road now for the consumption of the Unit-II and trial run of the Unit-I. Lack of sufficient number of engineers to man the plant's operation is also being cited as the other major reason.
Yahoo
16-04-2025
- Business
- Yahoo
Winners And Losers Of Q4: Genco (NYSE:GNK) Vs The Rest Of The Marine Transportation Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let's have a look at Genco (NYSE:GNK) and its peers. The growth of e-commerce and global trade continues to drive demand for shipping services, presenting opportunities for marine transportation companies. While ocean freight is more fuel efficient and therefore cheaper than its air and ground counterparts, it results in slower delivery times, presenting a trade off. To improve transit speeds, the industry continues to invest in digitization to optimize fleets and routes. However, marine transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs can influence profit margins. Geopolitical tensions can also affect access to trade routes, and if certain countries are banned from using passageways like the Panama Canal, costs can spiral out of control. The 5 marine transportation stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 3.3%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 20% since the latest earnings results. Headquartered in NYC, Genco (NYSE:GNK) is a shipping company that transports dry bulk cargo along worldwide maritime routes. Genco reported revenues of $67.53 million, down 5.4% year on year. This print was in line with analysts' expectations, but overall, it was a mixed quarter for the company with a decent beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. John C. Wobensmith, Chief Executive Officer, commented, 'During 2024, we grew earnings, while continuing to prioritize the three pillars of Genco's comprehensive value strategy namely dividends, deleveraging and growth. Consistent with our commitment to returning significant capital to shareholders, we took steps to enhance our dividend policy aimed at increasing cash available for distribution on a quarterly basis. We are pleased to advance our track record of dividends to shareholders through market cycles, as Genco has now declared 22 consecutive quarterly dividends, representing $6.615 per share, or 45% of our stock price. The stock is down 16.3% since reporting and currently trades at $12.23. Is now the time to buy Genco? Access our full analysis of the earnings results here, it's free. Founded by a Swedish orphan, Matson (NYSE:MATX) is a provider of ocean transportation and logistics services. Matson reported revenues of $890.3 million, up 12.9% year on year, outperforming analysts' expectations by 4.5%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates. Matson pulled off the fastest revenue growth among its peers. The results as the stock is down 29.6% since reporting. It currently trades at $99.56. Is now the time to buy Matson? Access our full analysis of the earnings results here, it's free. Operating one of the youngest fleets in the industry, Scorpio Tankers (NYSE: STNG) is an international provider of marine transportation services, specializing in the shipment of refined petroleum. Scorpio Tankers reported revenues of $192.1 million, down 42.5% year on year, falling short of analysts' expectations by 3.6%. It was a softer quarter as it posted a significant miss of analysts' adjusted operating income estimates. Scorpio Tankers delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 29% since the results and currently trades at $33.99. Read our full analysis of Scorpio Tankers's results here. Established in 1996, Pangaea Logistics (NASDAQ:PANL) specializes in global logistics and transportation services, focusing on the shipment of dry bulk cargoes. Pangaea reported revenues of $147.2 million, up 11.6% year on year. This print beat analysts' expectations by 15.6%. Overall, it was a strong quarter as it also logged a solid beat of analysts' EBITDA estimates. Pangaea pulled off the biggest analyst estimates beat among its peers. The stock is down 14% since reporting and currently trades at $4.18. Read our full, actionable report on Pangaea here, it's free. Transporting goods along all U.S. coasts, Kirby (NYSE:KEX) provides inland and coastal marine transportation services. Kirby reported revenues of $802.3 million, flat year on year. This result was in line with analysts' expectations. More broadly, it was a slower quarter as it recorded a miss of analysts' adjusted operating income estimates. The stock is down 10.9% since reporting and currently trades at $94.96. Read our full, actionable report on Kirby here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
