Ardmore Shipping (ASC) Increases Despite Market Slip: Here's What You Need to Know

Ardmore Shipping (ASC) ended the recent trading session at $11.99, demonstrating a +0.17% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.49%.Shares of the shipping company have appreciated by 5% over the course of the past month, outperforming the Transportation sector's loss of 6.43% and the S&P 500's gain of 0.4%.The investment community will be paying close attention to the earnings performance of Ardmore Shipping in its upcoming release. The company is forecasted to report an EPS of $0.37, showcasing a 41.27% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $53.93 million, indicating a 17.93% decline compared to the corresponding quarter of the prior year.ASC's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $277.84 million. These results would represent year-over-year changes of +9.59% and +5.21%, respectively.It is also important to note the recent changes to analyst estimates for Ardmore Shipping. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 0.5% lower. Ardmore Shipping is currently a Zacks Rank #3 (Hold).Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 4.04 right now. This expresses a discount compared to the average Forward P/E of 6.09 of its industry.The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 8% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ardmore Shipping Corporation (ASC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks