Ardmore Shipping (ASC) Laps the Stock Market: Here's Why

Company Performance - Ardmore Shipping (ASC) closed at $18.10, reflecting a +0.78% change from the previous trading day's closing, outperforming the S&P 500 which gained 0.42% [1] - Over the past month, Ardmore Shipping shares have decreased by 4.87%, underperforming the Transportation sector's gain of 3.57% and the S&P 500's gain of 2.06% [1] - The upcoming earnings report is anticipated, with projected earnings per share (EPS) of$ 0.80, indicating a 63.27% increase year-over-year, and revenue projections of $71.61 million, up 27.18% from the previous year [1] Full Year Estimates - For the full year, analysts expect earnings of$ 3.47 per share and revenue of $297.37 million, representing increases of +28.04% and +12.61% respectively from last year [2] - Recent modifications to analyst estimates reflect short-term business trends, with positive revisions indicating analyst optimism regarding the company's profitability [2] Valuation and Ranking - Ardmore Shipping has a Forward P/E ratio of 5.18, compared to the industry average Forward P/E of 8.04, suggesting that the company is trading at a discount [3] - The Transportation - Shipping industry has a Zacks Industry Rank of 138, placing it in the bottom 46% of over 250 industries [3]