How did PANL's Q4 earnings surprise impact its annual performance?

Pangaea Logistics (PANL) experienced a decline in its Q4 earnings, with an EPS surprise of -0.01, compared to the previous quarter's EPS of $0.24. This significant drop in earnings contributed to a decrease in the annual EPS, which fell from $0.58 in 2023 to $0.63 in 2024. Despite the decline in EPS, PANL's total revenue increased from $499.27 million in 2023 to $536.54 million in 2024. This indicates that while the company faced challenges in terms of profitability, it maintained a steady revenue growth.

|code|Ticker|Name|Date|Total Revenue|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|PANL|PANL.O|Pangaea Logistics|2023 Q1|1.13699075E8|0.08|186|
|PANL|PANL.O|Pangaea Logistics|2023 Q2|1.18075654E8|0.06|186|
|PANL|PANL.O|Pangaea Logistics|2023 Q3|1.35616188E8|0.42|186|
|PANL|PANL.O|Pangaea Logistics|2023 Q4|1.31876917E8||186|
|PANL|PANL.O|Pangaea Logistics|2024 Q1|1.04748553E8|0.25|186|
|PANL|PANL.O|Pangaea Logistics|2024 Q2|1.31497852E8|0.08|186|
|PANL|PANL.O|Pangaea Logistics|2024 Q3|1.53115064E8|0.11|186|
|PANL|PANL.O|Pangaea Logistics|2024 Q4|1.47174777E8||186|