Benzinga | Jul 26, 2021 10:36AM EDT

Earnings Outlook For Ardmore Shipping

Ardmore Shipping (NYSE:ASC) unveils its next round of earnings this Tuesday, July 27. Here is Benzinga's everything-that-matters guide for the earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Ardmore Shipping management projections, analysts predict EPS of $0.27 on revenue of $30.95 million. In the same quarter last year, Ardmore Shipping reported earnings per share of $0.41 on sales of $47.06 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 165.85% decline in the company's EPS figure. Revenue would be down 34.23% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -0.31 -0.39 -0.19 0.43EPS Actual -0.26 -0.39 -0.20 0.41Revenue Estimate 24.86 M 24.64 M 31.06 M 51.51 MRevenue Actual 25.16 M 21.84 M 45.21 M 47.06 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Ardmore Shipping were trading at $3.55 as of July 23. Over the last 52-week period, shares are down 19.42%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Ardmore Shipping is scheduled to hold the call at 10:00:00 ET and can be accessed here.