ASC Earnings Prediction
The chart below shows how ASC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASC sees a -10.21% change in stock price 10 days leading up to the earnings, and a +2.91% change 10 days following the report. On the earnings day itself, the stock moves by +1.95%. This data can give you a slight idea of what to expect for the next quarter's release.
ASC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
96.12M
10.56%
-20.78%
Gross Margin
40.31%
2.44%
-20.91%
Operating Margin
26.36%
-4.46%
-35.97%
Net Margin
25.12%
2.99%
-51.38%
EPS
0.55
12.24%
-62.59%
No Data Available
ASC Earnings Analysis
ARDMORE SHIPPING CORPORATION Corporation (ASC.N) Earnings Conference Call
Positive
Strong Q3 Earnings Report: We are pleased to announce strong third quarter results with adjusted earnings of $23.3 million or $0.55 per share, reflecting elevated TCE rates versus historical norms.
Daily Earnings Comparison: Our MRs earned $28,500 per day for the third quarter and $25,000 per day so far in the fourth quarter with 50% booked.
Chemical Tanker Earnings: Our chemical tankers earned $21,600 per day for the third quarter and $25,150 per day for the fourth quarter with 55% booked so far.
Quarterly Cash Dividend Announcement: We declared another quarterly cash dividend of $0.18 per share consistent with our policy of paying out one-third of adjusted earnings.
Breakeven Level Reduction: We have reduced our breakeven level down to $11,500 per day, the lowest in Ardmore's history.
Negative
Daily Earnings Comparison: Our MRs earned $28,500 per day for the third quarter and $25,000 per day so far in the fourth quarter with 50% booked.
Chemical Tanker Earnings: Our chemical tankers earned $21,600 per day for the third quarter and $25,150 per day for the fourth quarter with 55% booked so far.
Strong Market Performance: The charter on the upper right highlights our strong market performance with TCE rates up year-on-year during the seasonally slower third quarter.
Break-Even Level Reduction: We have reduced our break-even level down to $11,500 per day, the lowest in Ardmore's history.
Quarterly Cash Dividend Announcement: We declared another quarterly cash dividend of $0.18 per share consistent with our policy of paying out one-third of adjusted earnings.
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ASC Earning Call Sentiment
Ardmore Shipping Corporation (ASC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ASC.N
-0.55%Positive
The earnings call summary reflects strong financial performance with increased TCE rates, a reduction in breakeven levels, and consistent dividend payouts, indicating financial health. The Q&A section reveals analysts' positive sentiment towards the company's market positioning and asset management strategy. Despite potential risks like market volatility and regulatory changes, the optimistic guidance and strategic fleet investments suggest a positive outlook. The company's commitment to shareholder returns and sustainable growth further supports a positive sentiment, predicting a 2% to 8% stock price increase over the next two weeks.