We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ardmore Shipping (ASC) Stock Moves -1.15%: What You Should Know
Read MoreHide Full Article
Ardmore Shipping (ASC - Free Report) closed at $14.59 in the latest trading session, marking a -1.15% move from the prior day. This change was narrower than the S&P 500's 1.47% loss on the day. On the other hand, the Dow registered a loss of 1.27%, and the technology-centric Nasdaq decreased by 1.5%.
The shipping company's shares have seen an increase of 10.31% over the last month, surpassing the Transportation sector's gain of 9.36% and the S&P 500's gain of 5.77%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. On that day, Ardmore Shipping is projected to report earnings of $0.59 per share, which would represent a year-over-year decline of 54.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $60.22 million, indicating a 35.48% decrease compared to the same quarter of the previous year.
ASC's full-year Zacks Consensus Estimates are calling for earnings of $2.68 per share and revenue of $258.59 million. These results would represent year-over-year changes of -28.34% and -11.45%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ardmore Shipping. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ardmore Shipping is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Ardmore Shipping is presently trading at a Forward P/E ratio of 5.52. This signifies a discount in comparison to the average Forward P/E of 8.03 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 48, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ardmore Shipping (ASC) Stock Moves -1.15%: What You Should Know
Ardmore Shipping (ASC - Free Report) closed at $14.59 in the latest trading session, marking a -1.15% move from the prior day. This change was narrower than the S&P 500's 1.47% loss on the day. On the other hand, the Dow registered a loss of 1.27%, and the technology-centric Nasdaq decreased by 1.5%.
The shipping company's shares have seen an increase of 10.31% over the last month, surpassing the Transportation sector's gain of 9.36% and the S&P 500's gain of 5.77%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. On that day, Ardmore Shipping is projected to report earnings of $0.59 per share, which would represent a year-over-year decline of 54.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $60.22 million, indicating a 35.48% decrease compared to the same quarter of the previous year.
ASC's full-year Zacks Consensus Estimates are calling for earnings of $2.68 per share and revenue of $258.59 million. These results would represent year-over-year changes of -28.34% and -11.45%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ardmore Shipping. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ardmore Shipping is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Ardmore Shipping is presently trading at a Forward P/E ratio of 5.52. This signifies a discount in comparison to the average Forward P/E of 8.03 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 48, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.