Teekay Tankers (TNK) ended the latest buying and selling session at $40.43, demonstrating a -1.03% swing from the previous day’s closing worth. The inventory’s change was lower than the S&P 500’s every day lack of 0.01%. Then again, the Dow registered a lack of 0.37%, and the technology-centric Nasdaq elevated by 0.41%.
Shares of the oil and gasoline transport firm have depreciated by 8.37% over the course of the previous month, underperforming the Transportation sector’s achieve of 5.63% and the S&P 500’s achieve of 4.88%.
Market individuals might be intently following the monetary outcomes of Teekay Tankers in its upcoming launch. The corporate’s upcoming EPS is projected at $1.49, signifying a 48.08% drop in comparison with the identical quarter of the earlier 12 months. Concurrently, our newest consensus estimate expects the income to be $158.26 million, exhibiting a 18.62% drop in comparison with the year-ago quarter.
It’s also necessary to notice the latest adjustments to analyst estimates for Teekay Tankers. Latest revisions are inclined to replicate the most recent near-term enterprise developments. Therefore, constructive alterations in estimates signify analyst optimism concerning the corporate’s enterprise and profitability.
Our analysis demonstrates that these changes in estimates instantly affiliate with imminent inventory worth efficiency. To make the most of this, we’ve created the Zacks Rank, a proprietary mannequin that integrates these estimate adjustments and offers a purposeful score system.
The Zacks Rank system, spanning from #1 (Robust Purchase) to #5 (Robust Promote), boasts a powerful observe report of outperformance, audited externally, with #1 ranked shares yielding a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has shifted 6.56% downward. Teekay Tankers presently contains a Zacks Rank of #5 (Robust Promote).
Digging into valuation, Teekay Tankers at present has a Ahead P/E ratio of 5.73. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 8.57.
One ought to additional word that TNK at present holds a PEG ratio of 1.91. The PEG ratio bears resemblance to the often used P/E ratio, however this parameter additionally consists of the corporate’s anticipated earnings development trajectory. By the tip of yesterday’s buying and selling, the Transportation – Delivery business had a median PEG ratio of 1.41.
The Transportation – Delivery business is a part of the Transportation sector. This business, at present bearing a Zacks Business Rank of 229, finds itself within the backside 9% echelons of all 250+ industries.
The Zacks Business Rank is ordered from finest to worst by way of the common Zacks Rank of the person corporations inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure you use Zacks.com to observe all these stock-influencing metrics, and extra, all through the forthcoming buying and selling periods.
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Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
