Ardmore Shipping Q3 Adj. EPS $0.49 Beats $0.41 Estimate, Sales $86.94M Beat $59.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardmore Shipping (NYSE:ASC) reported Q3 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.41 by 19.51%. However, this is a 68.18% decrease from the same period last year. The company also reported quarterly sales of $86.94 million, beating the analyst consensus estimate of $59.11 million by 47.08%, but this is a 38.95% decrease from the same period last year.
November 07, 2023 | 1:04 pm
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NEUTRAL IMPACT
Ardmore Shipping's Q3 earnings and sales beat estimates but are significantly lower than the same period last year.
While Ardmore Shipping beat analyst estimates for Q3, the significant decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100