Ardmore Shipping Corporation (ASC) is scheduled to release fourth-quarter 2023 earnings on Feb 15.ASC beat the Zacks Consensus Estimate in each of the last four quarters by an average of 4.33%.The Zacks Consensus Estimate for quarterly earnings per share has remained stable at 59 cents over the past 60 days.Against this backdrop, let’s take a look at the factors that might have shaped the company’s December-quarter performance.We expect Ardmore Shipping’s results to reflect bullishness surrounding the tanke ...

Ardmore Shipping (ASC) closed the most recent trading day at $16.16, moving -0.8% from the previous trading session. This change lagged the S&P 500's 0.23% gain on the day. Elsewhere, the Dow gained 0.37%, while the tech-heavy Nasdaq added 0.07%.Shares of the shipping company witnessed a gain of 8.82% over the previous month, beating the performance of the Transportation sector with its gain of 0.29% and the S&P 500's gain of 5.3%.The upcoming earnings release of Ardmore Shipping will be of great interest t ...

The market expects Ardmore Shipping (ASC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if t ...

The Company will provide a comprehensive update, focusing on the forces and trends influencing the global product and chemical tanker markets. The February 15, 2024 event will also include the Company's presentation of 4Q 2023 financial results. HAMILTON, Bermuda, Feb. 1, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that it will host its 2024 Investor Day on Thursday, February 15 at 12:00 P.M. Eastern Time in New York City. At the event, the exte ...

Small-cap companies are a great option for early investors because they are typically less expensive per share than large-cap stocks. They are also typically more volatile investment vehicles because they have a greater chance of large fluctuations in share price than other large companies, which could be a downside or an upside depending upon an investor’s goals.It’s always a good idea to focus on diversification within an investment portfolio and include more than just different sectors. It also should co ...

Ardmore Shipping (ASC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this shipping company have returned +16.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Transportation - Shipping industry, to which Ardmore Shipping belongs, has gained 10.5% over this period. Now the key question is: Where could the stock be headed in the near t ...

The most recent trading session ended with Ardmore Shipping (ASC) standing at $15.97, reflecting a -1.84% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.Coming into today, shares of the shipping company had gained 14.18% in the past month. In that same time, the Transportation sector lost 3.36%, while the S&P 500 gained 2.48%.The ...

A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.“It appears only a black swan event could overwhelm what is an incrementally strong supply/demand backdrop for the industry… and the current black swan in the form of Red Sea diversion is more likely to add upside,” wrote Evercore analyst Jonathan Chappell, in a note released Wednesday. “Capacity adds remain muted well into 2 ...

Ardmore Shipping (ASC) closed at $15.58 in the latest trading session, marking a +0.58% move from the prior day. This move lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow experienced a rise of 1.06%, and the technology-dominated Nasdaq saw an increase of 1.7%.The shipping company's stock has climbed by 5.16% in the past month, exceeding the Transportation sector's loss of 3.36% and the S&P 500's gain of 0.94%.The upcoming earnings release of Ardmore Shipping will be of great interest to investo ...

Ardmore Shipping (ASC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this shipping company have returned +5.2%, compared to the Zacks S&P 500 composite's +0.9% change. During this period, the Zacks Transportation - Shipping industry, which Ardmore Shipping falls in, has gained 9.8%. The key question now is: What could be the stock's ...