From NASDAQ: 2024-05-03 18:00:05

In the latest trading session, Ardmore Shipping (ASC) closed at $17.42, up 0.87% from the previous day, trailing the S&P 500. Prior to today, the stock had gained 3.48% over the past month, outperforming the Transportation sector and the S&P 500 during that time.

Ardmore Shipping will release its earnings on May 8, 2024, with projected earnings of $0.87 per share, a 16.35% decrease year-over-year. Zacks Consensus Estimates foresee full-year earnings of $2.72 per share, a 0.37% change from the prior year. The company currently holds a Zacks Rank of #2 (Buy).

Ardmore Shipping is currently trading at a Forward P/E ratio of 6.35, lower than the industry average of 7.82. The Transportation – Shipping industry is in the top 28% of sectors based on the Zacks Industry Rank. Zacks Industry Rank shows the top 50% rated industries outperform the bottom half by 2 to 1.

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Read more at NASDAQ: Here’s Why Ardmore Shipping (ASC) Gained But Lagged the Market Today