Ardmore Shipping Corporation (NYSE:ASC) is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.43 per share.
For the full year, analysts predict revenues of $ 162.97 million, while looking forward to income of $ 0.71 per share.
Previous Quarter Performance
Ardmore Shipping Corporation unveiled income for the first quarter of $ 0.20 per share, from the revenue of $ 41.53 million. The quarterly revenues raised 24.53 percent compared with the same quarter last year. The consensus estimates are income of $ 0.14 per share from $ 39.21 million in revenue. The bottom line results beat street analysts by $ 0.06 or 42.86 percent, at the same time, top line results outshined analysts by $ 2.32 million or 5.92 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ASC was $ 4.22, representing a 13.14 % increase from the 52 week low of $ 3.73 and a 56.89 % decrease over the 52 week high of $ 9.79.
The company has a market capital of $ 140.21 million and is part of the Industrials sector and Shipping & Ports industry.
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Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of January 31, 2019, the company operated a fleet of 27 double-hulled product and chemical tankers, including 21 Eco-design and 6 Eco-mod vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.
