Ardmore Shipping Past Earnings Performance
Past criteria checks 3/6
Ardmore Shipping has been growing earnings at an average annual rate of 66.4%, while the Oil and Gas industry saw earnings growing at 36.8% annually. Revenues have been growing at an average rate of 17.8% per year. Ardmore Shipping's return on equity is 20.3%, and it has net margins of 28.6%.
Key information
66.4%
Earnings growth rate
64.4%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 17.8% |
| Return on equity | 20.3% |
| Net Margin | 28.6% |
| Next Earnings Update | 08 May 2024 |
Recent past performance updates
Recent updates
Is Ardmore Shipping (NYSE:ASC) Using Too Much Debt?
Apr 11
Ardmore Shipping: A Relatively Cheap Yield Play
Apr 09Ardmore Shipping: A Bet On The MR Tanker Market For Income-Minded Investors
Apr 03Ardmore Shipping: Solid Q4, But Q1 Will Be Even Better
Feb 21Ardmore Shipping Set To Benefit From Improving Spot Rates
Dec 19Why I Continue To Include Ardmore Shipping In My Value Portfolio
Nov 17Ardmore Shipping: Lagging Peers, Time To Catch Up
Oct 26Ardmore Shipping: Transformation Phase, Sustainability Efforts, And Cheap
Oct 03Ardmore Shipping: TCE Rates Rebounding And The Stock Is Attractively Priced
Sep 10Ardmore Shipping: An Improving Market And A Probable Special Dividend
Aug 14Ardmore Shipping: Forecasting Favorable Winds In The Market
Aug 08Ardmore Shipping: The 10% Dividend Yield Is Reliable
Jul 03Adding Ardmore Shipping To My Value Portfolio
Jun 02Lacklustre Performance Is Driving Ardmore Shipping Corporation's (NYSE:ASC) Low P/E
Apr 18Here's Why Ardmore Shipping (NYSE:ASC) Can Manage Its Debt Responsibly
Mar 14Ardmore Shipping (NYSE:ASC) Is Investing Its Capital With Increasing Efficiency
Feb 15Ardmore Shipping Non-GAAP EPS of $1.30 beats by $0.01, revenue of $132.83M beats by $41.64M
Feb 14Ardmore Shipping Is Sailing With The Wind At Its Back
Jan 17Ardmore Shipping Corporation's (NYSE:ASC) Intrinsic Value Is Potentially 48% Above Its Share Price
Dec 14Ardmore Shipping Will Likely Carry Over Its Stock Rally Into 2023
Dec 12Robust Earnings May Not Tell The Whole Story For Ardmore Shipping (NYSE:ASC)
Nov 09Ardmore Shipping: Amazing Business Prospects
Oct 31Ardmore Shipping: Stock Is On A Robust Upside
Oct 18These 4 Measures Indicate That Ardmore Shipping (NYSE:ASC) Is Using Debt Extensively
Sep 27Need To Know: Analysts Are Much More Bullish On Ardmore Shipping Corporation (NYSE:ASC)
Jul 28Ardmore Shipping Non-GAAP EPS of $0.81 beats by $0.09, revenue of $107.1M beats by $45.98M
Jul 27Is Ardmore Shipping Corporation (NYSE:ASC) Trading At A 44% Discount?
Jul 20Ardmore Shipping: Structural Support Despite Being High In The Cycle
Jul 03Need To Know: Analysts Are Much More Bullish On Ardmore Shipping Corporation (NYSE:ASC)
May 06Ardmore Shipping (NYSE:ASC) Has Debt But No Earnings; Should You Worry?
Apr 28Why It Is Time To Invest In Product Tankers
Apr 11Revenue & Expenses BreakdownBeta
How Ardmore Shipping makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 396 | 113 | 25 | 0 |
| 30 Sep 23 | 430 | 140 | 25 | 0 |
| 30 Jun 23 | 485 | 181 | 25 | 0 |
| 31 Mar 23 | 501 | 186 | 25 | 0 |
| 31 Dec 22 | 446 | 135 | 24 | 0 |
| 30 Sep 22 | 365 | 73 | 22 | 0 |
| 30 Jun 22 | 270 | 0 | 20 | 0 |
| 31 Mar 22 | 210 | -37 | 20 | 0 |
| 31 Dec 21 | 192 | -38 | 19 | 0 |
| 30 Sep 21 | 182 | -49 | 18 | 0 |
| 30 Jun 21 | 180 | -43 | 18 | 0 |
| 31 Mar 21 | 200 | -21 | 18 | 0 |
| 31 Dec 20 | 220 | -6 | 18 | 0 |
| 30 Sep 20 | 239 | 15 | 19 | 0 |
| 30 Jun 20 | 246 | 16 | 19 | 0 |
| 31 Mar 20 | 233 | -7 | 18 | 0 |
| 31 Dec 19 | 230 | -23 | 18 | 0 |
| 30 Sep 19 | 228 | -42 | 17 | 0 |
| 30 Jun 19 | 225 | -48 | 17 | 0 |
| 31 Mar 19 | 222 | -47 | 17 | 0 |
| 31 Dec 18 | 210 | -43 | 16 | 0 |
| 30 Sep 18 | 200 | -30 | 16 | 0 |
| 30 Jun 18 | 199 | -22 | 15 | 0 |
| 31 Mar 18 | 197 | -15 | 15 | 0 |
| 31 Dec 17 | 196 | -12 | 15 | 0 |
| 30 Sep 17 | 191 | -12 | 13 | 0 |
| 30 Jun 17 | 181 | -13 | 13 | 0 |
| 31 Mar 17 | 171 | -5 | 13 | 0 |
| 31 Dec 16 | 164 | 4 | 14 | 0 |
| 30 Sep 16 | 163 | 13 | 14 | 0 |
| 30 Jun 16 | 172 | 31 | 13 | 0 |
| 31 Mar 16 | 172 | 34 | 12 | 0 |
| 31 Dec 15 | 158 | 32 | 11 | 0 |
| 30 Sep 15 | 138 | 28 | 10 | 0 |
| 30 Jun 15 | 110 | 15 | 9 | 0 |
| 31 Mar 15 | 85 | 7 | 8 | 0 |
| 31 Dec 14 | 67 | 2 | 8 | 0 |
| 30 Sep 14 | 55 | -2 | 8 | 0 |
| 30 Jun 14 | 46 | -3 | 8 | 0 |
| 31 Mar 14 | 41 | -4 | 7 | 0 |
| 31 Dec 13 | 36 | -4 | 6 | 0 |
| 30 Sep 13 | 32 | -4 | 5 | 0 |
| 30 Jun 13 | 27 | -4 | 3 | 0 |
Quality Earnings: ASC has high quality earnings.
Growing Profit Margin: ASC's current net profit margins (28.6%) are lower than last year (30.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ASC has become profitable over the past 5 years, growing earnings by 66.4% per year.
Accelerating Growth: ASC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASC had negative earnings growth (-16%) over the past year, making it difficult to compare to the Oil and Gas industry average (-25.4%).
Return on Equity
High ROE: ASC's Return on Equity (20.3%) is considered high.