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Ardmore Shipping (ASC) Gains But Lags Market: What You Should Know
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Ardmore Shipping (ASC - Free Report) closed the most recent trading day at $12.78, moving +0.71% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.22%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 4.63%.
Coming into today, shares of the shipping company had gained 2.17% in the past month. In that same time, the Transportation sector gained 4.25%, while the S&P 500 gained 6.22%.
Wall Street will be looking for positivity from Ardmore Shipping as it approaches its next earnings report date. In that report, analysts expect Ardmore Shipping to post earnings of $0.73 per share. This would mark a year-over-year decline of 9.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.79 million, up 1.27% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.79 per share and revenue of $262 million. These totals would mark changes of -25.4% and -10.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ardmore Shipping. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ardmore Shipping currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Ardmore Shipping currently has a Forward P/E ratio of 4.56. For comparison, its industry has an average Forward P/E of 6.26, which means Ardmore Shipping is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ardmore Shipping (ASC) Gains But Lags Market: What You Should Know
Ardmore Shipping (ASC - Free Report) closed the most recent trading day at $12.78, moving +0.71% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.22%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 4.63%.
Coming into today, shares of the shipping company had gained 2.17% in the past month. In that same time, the Transportation sector gained 4.25%, while the S&P 500 gained 6.22%.
Wall Street will be looking for positivity from Ardmore Shipping as it approaches its next earnings report date. In that report, analysts expect Ardmore Shipping to post earnings of $0.73 per share. This would mark a year-over-year decline of 9.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.79 million, up 1.27% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.79 per share and revenue of $262 million. These totals would mark changes of -25.4% and -10.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Ardmore Shipping. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ardmore Shipping currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Ardmore Shipping currently has a Forward P/E ratio of 4.56. For comparison, its industry has an average Forward P/E of 6.26, which means Ardmore Shipping is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.