Ardmore Shipping (ASC) Rises But Trails Market: What Investors Should Know

Group 1 - Ardmore Shipping's stock closed at $13.23, reflecting a +1.22% change, underperforming compared to the S&P 500's gain of 1.83% [1] - Over the past month, Ardmore Shipping's shares have increased by 16.49%, contrasting with the Transportation sector's decline of 2.55% and the S&P 500's decline of 3.31% [1] Group 2 - Analysts expect Ardmore Shipping to report earnings of$ 0.37 per share, representing a year-over-year decline of 41.27% [2] - The revenue forecast for Ardmore Shipping is $53.93 million, indicating a 17.93% decline compared to the same quarter last year [2] Group 3 - Recent adjustments to analyst estimates for Ardmore Shipping indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings for stocks [4] Group 4 - Ardmore Shipping currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate having decreased by 22.82% in the past month [5] - The company's Forward P/E ratio is 9.54, which is higher than the industry average Forward P/E of 8.03 [6] Group 5 - The Transportation - Shipping industry, to which Ardmore Shipping belongs, has a Zacks Industry Rank of 241, placing it in the bottom 4% of over 250 industries [6] - The Zacks Industry Rank assesses the performance of industry groups based on the average Zacks Rank of individual stocks [7]