Ardmore Shipping Q2 EPS $0.57 Misses $0.61 Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardmore Shipping (NYSE:ASC) reported Q2 earnings of $0.57 per share, missing the analyst consensus estimate of $0.61 by 6.56 percent. This represents a 29.63 percent decrease from the same period last year.
August 01, 2023 | 12:29 pm
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NEGATIVE IMPACT
Ardmore Shipping's Q2 earnings missed the analyst consensus estimate by 6.56 percent and decreased by 29.63 percent YoY.
Earnings reports are a key indicator of a company's financial health. Ardmore Shipping's missed earnings estimate and YoY decrease could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100