Company Performance - Ardmore Shipping (ASC) has gained approximately 18.4% year-to-date, outperforming the average loss of 3.4% in the Transportation sector [2][3] - The Zacks Consensus Estimate for ASC's full-year earnings has increased by 11.7% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [2] - Ardmore Shipping holds a Zacks Rank of 2 (Buy), suggesting it has characteristics that may lead to outperformance in the market over the next one to three months [1][2] Industry Comparison - Ardmore Shipping is part of the Transportation - Shipping industry, which has seen an average gain of 6.1% this year, indicating that ASC is performing better than its industry peers [3] - In contrast, Cathay Pacific Airways Ltd. operates within the Transportation - Airline industry, which has a lower ranking (93) and has gained 14.5% since the beginning of the year [3] - The Transportation group as a whole is ranked 11 within the Zacks Sector Rank, reflecting the relative strength of the sector [1]

Core Viewpoint - Ardmore Shipping (ASC) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on May 8 [1][2]. Earnings Estimates - The consensus estimate for Ardmore Shipping's quarterly earnings is $0.87 per share, reflecting a year-over-year decrease of 16.4% [2]. - Expected revenues for the quarter are $73.58 million, which is a decline of 9.9% compared to the same quarter last year [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 3.28% higher, indicating a reassessment by covering analysts [2]. - The Most Accurate Estimate for Ardmore Shipping matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings only [3][4]. - Ardmore Shipping currently holds a Zacks Rank of 2 (Buy), but the combination of a 0% Earnings ESP makes it challenging to predict an earnings beat [5][6]. Historical Performance - In the last reported quarter, Ardmore Shipping was expected to post earnings of $0.59 per share but exceeded expectations with earnings of $0.63, resulting in a surprise of +6.78% [7]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [7]. Conclusion - While Ardmore Shipping does not appear to be a compelling earnings-beat candidate, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [8].

Core Viewpoint - Ardmore Shipping's stock has shown resilience with a recent increase of 1.62%, outperforming major indices like the S&P 500 and Dow [1] - The upcoming earnings report is anticipated to reveal a decline in earnings per share (EPS) and revenue compared to the previous year [1][2] Group 1: Recent Performance - Ardmore Shipping closed at $16.89, with a monthly gain of 1.22%, while the Transportation sector declined by 7.09% [1] - The stock's performance exceeded the S&P 500's daily gain of 1.02% and the Dow's increase of 0.4% [1] Group 2: Earnings Expectations - The earnings report scheduled for May 8, 2024, is expected to show an EPS of $0.87, down 16.35% year-over-year [1] - Revenue projections are set at $73.58 million, reflecting a decrease of 9.91% from the previous year [1] Group 3: Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of $2.72 and revenue of $251.87 million, indicating a slight increase in EPS (+0.37%) but a revenue decline (-4.62%) compared to last year [2] Group 4: Analyst Sentiment - Recent adjustments to analyst estimates suggest a positive outlook for Ardmore Shipping, with upward revisions indicating confidence in the company's profitability [2] - The Zacks Rank system, which incorporates these estimate changes, currently rates Ardmore Shipping as 2 (Buy) [3] Group 5: Valuation Metrics - Ardmore Shipping's Forward P/E ratio stands at 6.11, which is lower than the industry average of 7.59, indicating a potential undervaluation [3] - The Transportation - Shipping industry ranks in the top 20% of over 250 industries according to the Zacks Industry Rank [3]

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Shares of Ardmore Shipping (ASC) have gained 0.6% over the past four weeks to close the last trading session at $16.32, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $20.67 indicates a potential upside of 26.7%.The mean estimate comprises three short-term price targets with a standard deviation of $1.15. While the lowest estimate of $20 indicates a 22.6% increase from the curr ...

Industry Overview - Tensions in the Middle East are escalating, impacting oil prices and creating investment opportunities in oil stocks [1] - OPEC+ production cuts and sanctions on major oil producers like Russia and Venezuela are expected to keep oil prices elevated [1] Plains All American Pipeline (PAA) - PAA is a master limited partnership involved in crude oil transportation in the U.S. and Canada, with activities including pipeline transport, marketing, and storage [2] - The stock has shown strong performance due to America's industrial boom and a shift towards reducing foreign oil dependence [2] - PAA has a forward P/E of 14 and a high dividend yield of 7%, with a total estimated CapEx for 2024 at $600 million and EBITDA of approximately $2.75 billion [3] Dynagas LNG Partners LP (DLNG) - DLNG specializes in transporting liquefied natural gas (LNG) globally, operating a fleet of six LNG carriers with a capacity nearing 1 million cubic meters [4][5] - The company has appreciated 25% year-to-date, trading at 2.7 times forward earnings, with potential for further upside due to steady profits and debt reduction [5] Ardmore Shipping Corporation (ASC) - ASC focuses on the seaborne transportation of refined oil products and chemicals, operating a fleet of 22 owned and four chartered vessels [6] - The company benefits from increased shipping expenses due to Middle East tensions, particularly in critical chokepoints [6] - Despite a 370% increase since 2022, ASC has a forward dividend yield of 5.7% and trades at only 5 times forward earnings, with strong margins of 29.5% [7]

Core Viewpoint - Ardmore Shipping (ASC) is well-positioned to continue its earnings-beat streak in upcoming reports, supported by a strong history of exceeding earnings estimates and positive earnings expectations [1][2]. Group 1: Earnings Performance - Ardmore Shipping has an average surprise of 10.37% over the past two quarters, indicating a consistent ability to outperform earnings estimates [1]. - In the last reported quarter, the company achieved earnings of $0.63 per share, surpassing the Zacks Consensus Estimate of $0.59 per share by 6.78% [1]. - For the previous quarter, Ardmore Shipping's earnings were $0.49 per share against an expected $0.43 per share, resulting in a surprise of 13.95% [1]. Group 2: Earnings Estimates and Predictions - Estimates for Ardmore Shipping have been trending higher, influenced by its history of earnings surprises [2]. - The company currently has a positive Zacks Earnings ESP of +1.21%, indicating increased analyst optimism regarding its near-term earnings potential [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [3]. Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [3]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [3]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the chances of successful investment decisions [4].

Ardmore Shipping (ASC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power o ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has Ardmore Shipping (ASC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Ardmore Shipping is a member of the Transportation sector. This group includes 132 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 d ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...