Teekay Tankers (TNK) ended the latest buying and selling session at $41.70, demonstrating a -1.56% swing from the previous day’s closing value. This transfer lagged the S&P 500’s every day lack of 0.95%. However, the Dow registered a lack of 0.99%, and the technology-centric Nasdaq decreased by 1.36%.
Previous to at present’s buying and selling, shares of the oil and gasoline transport firm had gained 0.59% over the previous month. This has lagged the Transportation sector’s acquire of 4.51% and the S&P 500’s acquire of 1.86% in that point.
Analysts and buyers alike will probably be protecting a detailed eye on the efficiency of Teekay Tankers in its upcoming earnings disclosure. In that report, analysts anticipate Teekay Tankers to publish earnings of $1.49 per share. This could mark a year-over-year decline of 48.08%. In the meantime, our newest consensus estimate is asking for income of $158.26 million, down 18.62% from the prior-year quarter.
Buyers also needs to be aware of any latest changes to analyst estimates for Teekay Tankers. These revisions usually replicate the most recent short-term enterprise traits, which may change regularly. In consequence, upbeat modifications in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Empirical analysis signifies that these revisions in estimates have a direct correlation with impending inventory value efficiency. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications under consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system, which ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote), has a powerful outside-audited observe document of outperformance, with #1 shares producing a median annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.56% decrease throughout the previous month. As of now, Teekay Tankers holds a Zacks Rank of #5 (Sturdy Promote).
By way of valuation, Teekay Tankers is presently being traded at a Ahead P/E ratio of 5.95. This signifies a reduction compared to the common Ahead P/E of 9.03 for its business.
Additionally, we must always point out that TNK has a PEG ratio of 1.98. The PEG ratio is just like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings progress price under consideration. Because the market closed yesterday, the Transportation – Delivery business was having a median PEG ratio of 1.44.
The Transportation – Delivery business is a part of the Transportation sector. With its present Zacks Business Rank of 236, this business ranks within the backside 6% of all industries, numbering over 250.
The Zacks Business Rank gauges the energy of our business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make certain to make the most of Zacks.com to comply with all of those stock-moving metrics, and extra, within the coming buying and selling classes.
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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.
