Ardmore Shipping (ASC) Declines More Than Market: Some Information for Investors

Company Performance - Ardmore Shipping (ASC) closed at $10.13, reflecting a -3.89% change from the previous day, underperforming the S&P 500's daily loss of 0.22% [1] - The stock has increased by 9.91% over the past month, contrasting with the Transportation sector's decline of 2.83% and the S&P 500's gain of 0.45% [1] Earnings Projections - Ardmore Shipping is expected to report earnings of $0.24 per share, indicating a year-over-year decline of 78.76% [2] - Revenue is projected at $44.45 million, down 48.68% from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $1.17 per share and revenue at $180.69 million, representing declines of -58.8% and -33.85% respectively from the prior year [3] - Recent modifications to analyst estimates are crucial as they reflect near-term business trends, with positive revisions indicating optimism about the business outlook [3] Valuation Metrics - Ardmore Shipping has a Forward P/E ratio of 9.01, which is lower than the industry average Forward P/E of 9.62 [6] - The Transportation - Shipping industry currently holds a Zacks Industry Rank of 192, placing it in the bottom 22% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] - Ardmore Shipping currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the last 30 days [5]