Teekay Tankers stock closed at $55.11, gained slightly but lagged S&P 500

From NASDAQ.: 2024-09-13 18:00:19

In the latest trading session, Teekay Tankers (TNK) closed at $55.11, with a +0.09% change from the previous day, trailing the S&P 500. The company lost 3.72% in the past month, while the sector and S&P 500 gained 4.24% and 4.86%, respectively.

Teekay Tankers’ upcoming earnings release is anticipated by investors, with a projected EPS of $2.52, a 14.03% increase YoY. Revenue is estimated at $162.53 million, a 5.82% decrease from the previous year. Analysts expect full-year earnings of $13.33 per share and revenue of $805.05 million, reflecting changes from last year.

Analyst estimates for Teekay Tankers reflect trends in the company’s health and profitability. These revisions impact share price momentum, which can be utilized by investors using the Zacks Rank system. With a Zacks Rank of #4 (Sell), the Zacks Consensus EPS estimate remained unchanged over the past month.

Valuation-wise, Teekay Tankers is trading at a discounted Forward P/E ratio of 4.13 compared to its industry average of 6.87. The company’s PEG ratio is 1.38, while the industry average is 0.72. The Transportation – Shipping industry has a Zacks Industry Rank of 94, ranking in the top 38% of all industries.

Zacks has named a #1 Semiconductor Stock with significant growth potential in the AI, ML, and IoT fields. Global semiconductor manufacturing is expected to reach $803 billion by 2028. Consult Zacks.com for stock-shifting metrics and recommendations.



Read more at NASDAQ.: Here’s Why Teekay Tankers (TNK) Gained But Lagged the Market Today