Ardmore Shipping(US:ASC) Zacks Investment Researchยท2024-04-22 17:16Core Viewpoint - Ardmore Shipping (ASC) is well-positioned to continue its earnings-beat streak in upcoming reports, supported by a strong history of exceeding earnings estimates and positive earnings expectations [1][2]. Group 1: Earnings Performance - Ardmore Shipping has an average surprise of 10.37% over the past two quarters, indicating a consistent ability to outperform earnings estimates [1]. - In the last reported quarter, the company achieved earnings of $0.63 per share, surpassing the Zacks Consensus Estimate of $0.59 per share by 6.78% [1]. - For the previous quarter, Ardmore Shipping's earnings were $0.49 per share against an expected $0.43 per share, resulting in a surprise of 13.95% [1]. Group 2: Earnings Estimates and Predictions - Estimates for Ardmore Shipping have been trending higher, influenced by its history of earnings surprises [2]. - The company currently has a positive Zacks Earnings ESP of +1.21%, indicating increased analyst optimism regarding its near-term earnings potential [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [3]. Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [3]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [3]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the chances of successful investment decisions [4].