A Preview Of Ardmore Shipping's Earnings
Portfolio Pulse from Benzinga Insights
Ardmore Shipping (NYSE:ASC) is expected to report an EPS of $0.62 for its latest quarterly earnings on February 15, 2024. Historical data shows a pattern of share price movement post-earnings announcement, with a mix of positive and negative reactions. The company's past performance includes beating EPS estimates in previous quarters. Shares are currently trading at $16.41, reflecting a 13.11% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 14, 2024 | 8:01 pm
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NEUTRAL IMPACT
Ardmore Shipping is anticipated to report a quarterly EPS of $0.62, with investors keen on future guidance. Historical performance shows a correlation between earnings announcements and share price movements. Currently, shares have decreased by 13.11% over the last year.
Given Ardmore Shipping's history of beating EPS estimates and the subsequent share price reactions, the upcoming earnings report could have a neutral to slightly positive impact on ASC's stock price, especially if the company provides favorable future guidance. However, the overall negative trend over the past year tempers expectations, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100