Ardmore Shipping (ASC) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Ardmore Shipping (ASC) closed at $16.23, reflecting a -1.96% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.05% [1] - The stock has decreased by 4.5% over the past month, underperforming the Transportation sector's gain of 0.67% and the S&P 500's gain of 2.76% [1] - Upcoming earnings report is anticipated to show earnings of$ 0.80 per share, representing a year-over-year growth of 63.27%, with revenue expected at $71.61 million, a 27.18% increase compared to the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at$ 3.47 per share and revenue at $297.37 million, indicating increases of +28.04% and +12.61% respectively from the previous year [2] - Recent revisions to analyst forecasts are important as they reflect changing business trends, with positive estimate revisions indicating optimism about the company's outlook [2] Valuation and Ranking - Ardmore Shipping has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [3] - The company is currently trading at a Forward P/E ratio of 4.78, which is lower than the industry average Forward P/E of 7.64, indicating a discount compared to its peers [3] - The Transportation - Shipping industry holds a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [3]