Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ardmore Shipping (ASC) , which belongs to the Zacks Transportation - Shipping industry.This shipping company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.37%.For the last reported quarter, Ardmore Shipping came out with earni ...

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 ...

Ardmore Shipping (ASC) closed the most recent trading day at $16.70, moving +0.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.24%.Coming into today, shares of the shipping company had gained 5.1% in the past month. In that same time, the Transportation sector gained 0.33%, while the S&P 500 gained 0.48%.The investment community will be closely ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Ardmore Shipping (ASC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Ardmore Shipping currently ...

Suriyapong Thongsawang Note: I previously covered Ardmore Shipping Corporation (NYSE:ASC). In my previous article, I discussed the product tankers market and the company's merits (conservative balance sheet, MR-only fleet, and reasonable valuation). In today's take on ASC, I will review the MRs market, FY23 results, and ASC's valuation. MR tankers market preview The MR market is picking up, as seen in the chart below. Fearnley's 2024 rates are higher than the seasonal 2019-2023 average (Pacific and Atlantic ...

The latest trading session saw Ardmore Shipping (ASC) ending at $16.39, denoting a -0.06% adjustment from its last day's close. This change lagged the S&P 500's 0.89% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.Shares of the shipping company witnessed a gain of 2.31% over the previous month, beating the performance of the Transportation sector with its gain of 0.81% and underperforming the S&P 500's gain of 3.56%.Market participants will be closely followin ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Ardmore Shipping (ASC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Ardmore Shipping currently has an average brokerage reco ...

HAMILTON, Bermuda, March 15, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2023 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). In compliance with the New York Stock Exchange rules, a copy of the Form 20-F can be found in the Investor Relations section of the Company's website, www.ardmoreshipping.com, under SEC Filings. About Ardmore S ...