Ardmore Shipping (ASC) Increases Despite Market Slip: Here's What You Need to Know

Company Overview - Ardmore Shipping (ASC) ended the recent trading session at $11.99, showing a +0.17% change from the previous day's closing price, which was better than the S&P 500's daily loss of 1.11% [2] - The company is forecasted to report an EPS of$ 0.37, reflecting a 41.27% decrease from the same quarter last year, with a revenue estimate of $53.93 million, indicating a 17.93% decline year-over-year [3] - Full-year Zacks Consensus Estimates project earnings of$ 2.97 per share and revenue of $277.84 million, representing year-over-year changes of +9.59% and +5.21%, respectively [8] Analyst Estimates and Market Performance - Recent changes to analyst estimates for Ardmore Shipping indicate a 0.5% decrease in the consensus EPS projection over the past 30 days, suggesting a cautious outlook [5] - The Zacks Rank for Ardmore Shipping is currently 3 (Hold), reflecting a neutral sentiment in the investment community [5] - Shares of Ardmore Shipping have appreciated by 5% over the past month, outperforming the Transportation sector's loss of 6.43% and the S&P 500's gain of 0.4% [7] Industry Context - Ardmore Shipping operates within the Transportation - Shipping industry, which has a Zacks Industry Rank of 231, placing it in the bottom 8% of over 250 industries [6] - The company has a Forward P/E ratio of 4.04, which is a discount compared to the industry average Forward P/E of 6.09, indicating potential undervaluation [10]