Ardmore Shipping (ASC) Stock Slides as Market Rises: Facts to Know Before You Trade

Core Viewpoint - Ardmore Shipping's recent trading performance shows a slight decline, but it has outperformed the Transportation sector and the S&P 500 over the past month [1] Group 1: Recent Performance - Ardmore Shipping closed at $16.16, down 0.8% from the previous trading session, while the S&P 500 gained 0.23% [1] - The company's shares increased by 8.82% over the last month, outperforming the Transportation sector's gain of 0.29% and the S&P 500's gain of 5.3% [1] Group 2: Upcoming Earnings - The upcoming earnings release is highly anticipated, with an expected EPS of $0.59, representing a 54.62% decrease year-over-year [1] - Revenue is projected to be $60.6 million, indicating a 35.07% decline compared to the same quarter last year [1] Group 3: Analyst Estimates and Rankings - Recent adjustments to analyst estimates indicate a positive trend, with the Zacks Consensus EPS estimate rising by 15.4% in the past month [2] - Ardmore Shipping currently holds a Zacks Rank of 3 (Hold), reflecting a neutral outlook based on analyst confidence [2] Group 4: Valuation Metrics - The company is trading at a Forward P/E ratio of 6.69, which is lower than the industry average of 7.04 [3] - The Transportation - Shipping industry ranks 72 in the Zacks Industry Rank, placing it in the top 29% of over 250 industries [3]