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.
Ardmore Shipping (ASC) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Ardmore Shipping (ASC - Free Report) closed at $10.23 in the latest trading session, marking a -2.39% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The shipping company's stock has climbed by 2.85% in the past month, falling short of the Transportation sector's gain of 3.94% and the S&P 500's gain of 3.97%.
Analysts and investors alike will be keeping a close eye on the performance of Ardmore Shipping in its upcoming earnings disclosure. Simultaneously, our latest consensus estimate expects the revenue to be $44.45 million, showing a 48.68% drop compared to the year-ago quarter.
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 note any recent changes to analyst estimates for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 16.24% upward. Ardmore Shipping presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 7.71 right now. Its industry sports an average Forward P/E of 9.26, so one might conclude that Ardmore Shipping is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 27, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 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
Ardmore Shipping (ASC) Stock Falls Amid Market Uptick: What Investors Need to Know
Ardmore Shipping (ASC - Free Report) closed at $10.23 in the latest trading session, marking a -2.39% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The shipping company's stock has climbed by 2.85% in the past month, falling short of the Transportation sector's gain of 3.94% and the S&P 500's gain of 3.97%.
Analysts and investors alike will be keeping a close eye on the performance of Ardmore Shipping in its upcoming earnings disclosure. Simultaneously, our latest consensus estimate expects the revenue to be $44.45 million, showing a 48.68% drop compared to the year-ago quarter.
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 note any recent changes to analyst estimates for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 16.24% upward. Ardmore Shipping presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 7.71 right now. Its industry sports an average Forward P/E of 9.26, so one might conclude that Ardmore Shipping is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 27, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.