Analysts Estimate Ardmore Shipping (ASC) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Ardmore Shipping (ASC) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on May 8 [1][2]. Earnings Estimates - The consensus estimate for Ardmore Shipping's quarterly earnings is $0.87 per share, reflecting a year-over-year decrease of 16.4% [2]. - Expected revenues for the quarter are $73.58 million, which is a decline of 9.9% compared to the same quarter last year [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 3.28% higher, indicating a reassessment by covering analysts [2]. - The Most Accurate Estimate for Ardmore Shipping matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings only [3][4]. - Ardmore Shipping currently holds a Zacks Rank of 2 (Buy), but the combination of a 0% Earnings ESP makes it challenging to predict an earnings beat [5][6]. Historical Performance - In the last reported quarter, Ardmore Shipping was expected to post earnings of $0.59 per share but exceeded expectations with earnings of $0.63, resulting in a surprise of +6.78% [7]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [7]. Conclusion - While Ardmore Shipping does not appear to be a compelling earnings-beat candidate, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [8].