We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Why the Market Dipped But Ardmore Shipping (ASC) Gained Today
Read MoreHide Full Article
Ardmore Shipping (ASC - Free Report) closed the most recent trading day at $10.40, moving +1.46% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 0.92%.
The shipping company's shares have seen an increase of 6.88% over the last month, surpassing the Transportation sector's gain of 5% and the S&P 500's gain of 5.22%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $44.45 million, down 48.68% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.36 per share and a revenue of $180.69 million, demonstrating changes of -52.11% and -33.85%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 16.24% higher. Ardmore Shipping is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Ardmore Shipping is currently trading at a Forward P/E ratio of 7.54. This signifies a discount in comparison to the average Forward P/E of 9.12 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 30, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But Ardmore Shipping (ASC) Gained Today
Ardmore Shipping (ASC - Free Report) closed the most recent trading day at $10.40, moving +1.46% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 0.92%.
The shipping company's shares have seen an increase of 6.88% over the last month, surpassing the Transportation sector's gain of 5% and the S&P 500's gain of 5.22%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $44.45 million, down 48.68% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.36 per share and a revenue of $180.69 million, demonstrating changes of -52.11% and -33.85%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 16.24% higher. Ardmore Shipping is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Ardmore Shipping is currently trading at a Forward P/E ratio of 7.54. This signifies a discount in comparison to the average Forward P/E of 9.12 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 30, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.