Ardmore Shipping Q2 2024 Adj. EPS $1.13 Beats $1.02 Estimate, Sales $121.300M Beat $94.074M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ardmore Shipping (NYSE:ASC) reported Q2 2024 adjusted EPS of $1.13, beating the estimate of $1.02. Sales were $121.3M, surpassing the $94.074M estimate and showing a 100.84% increase from the same period last year.
July 31, 2024 | 12:04 pm
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Ardmore Shipping (NYSE:ASC) reported Q2 2024 adjusted EPS of $1.13, beating the estimate of $1.02 by 10.78%. Sales were $121.3M, surpassing the $94.074M estimate by 28.94% and showing a 100.84% increase from the same period last year.
Ardmore Shipping's strong Q2 2024 earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial year-over-year sales growth further supports a bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100