Ardmore Shipping (ASC) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Ardmore Shipping (ASC) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the actual results being crucial for the stock's near-term price movement [1][2]. Earnings Expectations - The consensus estimate for Ardmore Shipping's quarterly earnings is $0.53 per share, reflecting an 8.2$60.77 million, which is a 7.9% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 8.94%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced positive surprises nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Ardmore Shipping exceeded the expected earnings of $1.08 per share by delivering$1.13, resulting in a surprise of +4.63% [11]. - The company has beaten consensus EPS estimates in all of the last four quarters [12]. Conclusion - Despite the potential for an earnings beat, Ardmore Shipping does not currently appear to be a compelling candidate for such an outcome, and investors should consider other factors before making investment decisions [15].