Ardmore Shipping Corp reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of four analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 16 cents per share.

Revenue fell 30.4% to $74.00 million from a year ago; analysts expected $53.07 million.

Ardmore Shipping Corp’s reported EPS for the quarter was 14 cents​.

The company reported quarterly net income of $5.62 million.

Ardmore Shipping Corp shares had risen by 1.1% this quarter and lost 18.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 58.3% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 4 “strong buy” or “buy,” 2 “hold” and no “sell” or “strong sell.” The average consensus recommendation for the oil & gas transportation services peer group is also “buy”

Wall Street’s median 12-month price target for Ardmore Shipping Corp is $13.00
Source: Ardmore Shipping Corp.