Ardmore Shipping (ASC) Advances But Underperforms Market: Key Facts

Company Performance - Ardmore Shipping (ASC) closed at $16.98, reflecting a +0.89% change from the previous session, which is lower than the S&P 500's daily gain of 1.07% [1] - Over the past month, Ardmore Shipping's shares have depreciated by 13.52%, underperforming the Transportation sector's gain of 2.76% and the S&P 500's gain of 2.92% [1] - The upcoming earnings report is projected to show earnings of$ 0.80 per share, representing a year-over-year growth of 63.27%, with revenue expected to be $71.61 million, indicating a 27.18% increase compared to the same quarter last year [1] Annual Estimates - For the annual period, Zacks Consensus Estimates anticipate earnings of$ 3.47 per share and revenue of $297.37 million, signifying shifts of +28.04% and +12.61% respectively from the last year [2] - Recent changes to analyst estimates reflect shifting dynamics in short-term business patterns, with upward revisions indicating analysts' positivity towards the company's operations [2] Valuation and Ranking - Ardmore Shipping currently has a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [3] - The company is trading at a Forward P/E ratio of 4.86, which is a discount compared to the industry average Forward P/E of 6.6 [3] - The Transportation - Shipping industry has a Zacks Industry Rank of 92, placing it in the top 37% of all 250+ industries, indicating strong performance potential [3]