Ardmore Shipping Q2 EPS $0.57 Misses $0.61 Estimate, Sales $91.90M Beat $61.89M 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%. This is a 29.63% decrease from the same period last year. However, the company reported quarterly sales of $91.90 million, beating the analyst consensus estimate of $61.89 million by 48.49%, a 39.35% increase from last year.
August 01, 2023 | 12:33 pm
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NEGATIVE IMPACT
Ardmore Shipping's Q2 earnings missed estimates but sales exceeded expectations. Earnings per share decreased by 29.63% YoY.
Ardmore Shipping's earnings per share missed the analyst consensus estimate, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales exceeded expectations, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100