Brace yourselves for the unveiling of Ardmore Shipping Corporation's (NYSE: ASC) third quarter financial results on Wednesday 6th November 2024. This eagerly awaited announcement will take place before market open.
According to the predictions of financial experts on Wall Street, the firm is expected to announce an anticipated $0.62 profit per share for the quarter. Further, the firm is poised to disclose a total revenue of $74.25 million for the period.
Projections for the company's annual performance have been shared by Wall Street analysts, with an estimated total revenue of $378.24 million. Furthermore, they are predicting profit of $3.45 per share for the full year.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.49. This was a direct result of the company's total revenue, which amounted to an impressive $86.94 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.13 | +98.2% | 86.61 M | +43.4% |
| Q1 2024 | $0.92 | -11.5% | 106.30 M | +30.2% |
| Q4 2023 | $0.63 | -51.5% | 98.88 M | +6.0% |
| Q3 2023 | $0.49 | -68.2% | 86.94 M | -9.9% |
| Q2 2023 | $0.57 | -29.6% | 60.40 M | -8.4% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 6th November 2024 at 10:00 AM eastern time to discuss Q3 financial results.
Ardmore Shipping Corporation (ASC) experienced a trading range of $13.97 to $14.36, along with a total volume of 551.00 thousand shares during the day. The stock concluded Friday's regular trading session at $14.04, showing drop of 0.5 percent.
