Investors Heavily Search Ardmore Shipping Corporation (ASC): Here is What You Need to Know

Core Viewpoint - Ardmore Shipping (ASC) has experienced a -3.6% return over the past month, underperforming the Zacks S&P 500 composite's +2.1% change, while the Zacks Transportation - Shipping industry has lost 0.7% during the same period [1] Earnings Estimate Revisions - The consensus earnings estimate for Ardmore Shipping is $0.80 per share for the current quarter, reflecting a year-over-year increase of +63.3$3.47, indicating a year-over-year change of +28%, which has remained unchanged over the last 30 days [3] - For the next fiscal year, the consensus estimate is $2.10, representing a decline of -39.3$71.61 million for the current quarter, showing a year-over-year increase of +27.2% [6] - The revenue estimates for the current and next fiscal years are $297.37 million and$221.99 million, indicating changes of +12.6% and -25.4%, respectively [6] Last Reported Results and Surprise History - In the last reported quarter, Ardmore Shipping achieved revenues of $86.61 million, a year-over-year increase of +43.4$1.13 compared to $0.57 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate of$81.88 million by +5.77%, and the EPS surprise was +4.63% [7] - The company has consistently beaten consensus EPS and revenue estimates in the trailing four quarters [7] Valuation - Ardmore Shipping is graded A in the Zacks Value Style Score, indicating it is trading at a discount to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for determining whether the stock is overvalued, fairly valued, or undervalued [8] Conclusion - The Zacks Rank 3 suggests that Ardmore Shipping may perform in line with the broader market in the near term, despite the market buzz surrounding the company [10]