From Nasdaq: 2024-06-07 18:00:12

Teekay Tankers (TNK) closed trading at $69.73, down 2% from the previous day, underperforming the S&P 500. Analysts predict an EPS of $3.25 for the company, a 25.8% decrease from last year’s quarter, with revenue expected to be $197.37 million, down 21.85%. TNK currently holds a Zacks Rank of #3 (Hold).

The stock’s 2.67% increase over the past month contrasts with the Transportation sector’s 2.76% loss and S&P 500’s 3.51% gain. Analysts’ positive revisions in estimates suggest future improvements in business health and profitability. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), indicates TNK is currently ranked at #3 (Hold).

Teekay Tankers has a Forward P/E ratio of 4.85, lower than its industry average of 7.92. The company’s PEG ratio of 1.62 is higher than the industry’s 1.01. TNK is part of the Transportation – Shipping industry, ranked 157 out of 250+ industries, indicating its position in the lower 38%. Utilize Zacks.com for further insights into stock-moving metrics.



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