Ardmore Shipping (ASC) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Ardmore Shipping's stock closed at $22.26, reflecting a +1.09% change from the previous trading day, outperforming the S&P 500's gain of 0.85% [1] - The stock has increased by 0.41% over the past month, while the Transportation sector has declined by 4.56% and the S&P 500 has gained 3.11% [1] - The upcoming earnings per share (EPS) is projected at$ 1.03, indicating an 80.7% increase year-over-year, with quarterly revenue expected to be $79.79 million, up 32.1% from the previous year [1] Annual Estimates - For the full year, earnings are projected at$ 3.25 per share and revenue at $280.31 million, reflecting changes of +19.93% and +6.15% respectively from the prior year [2] - Recent changes to analyst estimates for Ardmore Shipping suggest a positive outlook for the company's business trends [2] Zacks Rank and Valuation - Ardmore Shipping currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 6.79, which is lower than the industry's Forward P/E of 7.79, indicating a valuation discount [3] - The Transportation - Shipping industry has a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [3]