Ardmore Shipping(ASC) ZACKS·2025-01-09 23:55Company Performance - Ardmore Shipping's stock closed at 0.37, which represents a 41.27% decrease from the same quarter last year [2] - Revenue is forecasted to be $53.93 million, indicating a 17.93% decline compared to the corresponding quarter of the prior year [2] Analyst Estimates - Recent changes to analyst estimates for Ardmore Shipping are significant, as they reflect the evolving business trends [3] - Positive changes in estimates typically indicate a favorable outlook on the company's business health and profitability [3] Zacks Rank and Valuation - The Zacks Rank system currently rates Ardmore Shipping at 5 (Strong Sell), with a 22.82% decrease in the consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 9.17, which is higher than the industry average Forward P/E of 7.11, suggesting it is trading at a premium [6] Industry Context - The Transportation - Shipping industry holds a Zacks Industry Rank of 241, placing it in the bottom 4% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]