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Ardmore Shipping (ASC) Stock Sinks As Market Gains: What You Should Know
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Ardmore Shipping (ASC - Free Report) closed at $10.30 in the latest trading session, marking a -1.15% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.07%. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%.
Heading into today, shares of the shipping company had gained 3.37% over the past month, lagging the Transportation sector's gain of 5.09% and the S&P 500's gain of 5.71%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. The company plans to announce its earnings on July 30, 2025. Alongside, our most recent consensus estimate is anticipating revenue of $44.45 million, indicating a 48.68% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.17 per share and a revenue of $180.69 million, indicating changes of -58.8% and -33.85%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Ardmore Shipping presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 8.91 right now. For comparison, its industry has an average Forward P/E of 9.81, which means Ardmore Shipping is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ardmore Shipping (ASC) Stock Sinks As Market Gains: What You Should Know
Ardmore Shipping (ASC - Free Report) closed at $10.30 in the latest trading session, marking a -1.15% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.07%. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%.
Heading into today, shares of the shipping company had gained 3.37% over the past month, lagging the Transportation sector's gain of 5.09% and the S&P 500's gain of 5.71%.
Market participants will be closely following the financial results of Ardmore Shipping in its upcoming release. The company plans to announce its earnings on July 30, 2025. Alongside, our most recent consensus estimate is anticipating revenue of $44.45 million, indicating a 48.68% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.17 per share and a revenue of $180.69 million, indicating changes of -58.8% and -33.85%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Ardmore Shipping presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 8.91 right now. For comparison, its industry has an average Forward P/E of 9.81, which means Ardmore Shipping is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.