Why Ardmore Shipping (ASC) Outpaced the Stock Market Today

Company Performance - Ardmore Shipping (ASC) closed at $17.69, with a slight increase of +0.11% from the previous trading session, outperforming the S&P 500 which gained 0.03% [1] - Over the past month, Ardmore Shipping's shares have decreased by 9.25%, underperforming the Transportation sector's gain of 3.7% and the S&P 500's gain of 1.54% [1] - The upcoming earnings report is anticipated to show an EPS of$ 0.80, reflecting a significant increase of 63.27% year-over-year, with revenue expected to reach $71.61 million, a 27.18% increase from the same quarter last year [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of$ 3.47 per share and revenue of $297.37 million, indicating increases of +28.04% and +12.61% respectively from the previous year [2] - Recent changes in analyst estimates for Ardmore Shipping suggest a positive outlook for the company's business, as these revisions are correlated with stock price performance [2] Valuation and Ranking - Ardmore Shipping currently has a Zacks Rank of 3 (Hold), with no changes in the EPS estimate over the past month [3] - The company is trading at a Forward P/E ratio of 5.1, which is lower than the industry average Forward P/E of 6.92, indicating a valuation discount [3] - The Transportation - Shipping industry ranks in the bottom 44% of all industries, with a current Zacks Industry Rank of 142 [3]