Company Overview - Teekay Tankers (TNK) closed at $39.91, reflecting a slight decrease of -0.03% from the previous day, underperforming the S&P 500 which gained 0.55% [1] - The upcoming earnings release is anticipated, with an expected EPS of $1.81, indicating a significant decline of 36.93% compared to the same quarter last year [2] - Revenue projections are set at $158.26 million, down 18.62% from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Teekay Tankers suggest a trend in short-term business performance, with positive revisions indicating analyst optimism [3] - Over the past month, the Zacks Consensus EPS estimate has decreased by 26.22%, leading to a current Zacks Rank of 5 (Strong Sell) for the company [5] Valuation Metrics - Teekay Tankers is currently trading at a Forward P/E ratio of 5.24, which is below the industry average of 6.9, indicating a valuation discount [6] - The company has a PEG ratio of 1.75, compared to the Transportation - Shipping industry's average PEG ratio of 0.52 [6] Industry Context - The Transportation - Shipping industry is ranked 233 in the Zacks Industry Rank, placing it in the bottom 8% of over 250 industries [7] - Historical data shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape [7]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Teekay Tankers (TNK) .Teekay Tankers currently has an average bro ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Teekay Tankers (TNK) .Teekay Tankers currently has an average brokerage recommendation (ABR) of ...

Teekay Tankers Ltd. (NYSE:TNK) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Ed Lee – Investor Relations Kenneth Hvid – President and Chief Executive Officer Brody Speers – Chief Financial Officer Conference Call Participants Jonathan Chappell – Evercore Omar Nokta – Jefferies Ken Hoexter – Bank of America Operator Please standby. Welcome to the Teekay Group Third Quarter 2024 Earnings Results Conference Call. During the call, all participants will be in a listen-only mo ...

Teekay Group Q3-2024 Earnings Presentation TV Forward Looking Statement This presentation contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this presentation, other than statements of historical fact, are forward-looking statements. When used in this presentation, the words "expect", "believe", "anticipate", "plan", "intend", "estimate", "may ...

Teekay Tankers (TNK) came out with quarterly earnings of $1.83 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.68%. A quarter ago, it was expected that this oil and gas shipping company would post earnings of $3.24 per share when it actually produced earnings of $3.08, delivering a surprise of -4.94%.Over the last four qua ...

The most recent trading session ended with Teekay Tankers (TNK) standing at $50.02, reflecting a +0.72% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw an increase of 0.56%.Coming into today, shares of the oil and gas shipping company had lost 16.16% in the past month. In that same time, the Transportation sector lost 2.35%, while the S&P 500 gained ...

Teekay Tankers (TNK) ended the recent trading session at $55.42, demonstrating a +1.86% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 0.28%. The the stock of oil and gas shipping company has fallen by 3.1% in the past month, lagging the Transportation sector's gain of 2.33% and the S&P 500's gain of 3.48%. Analysts and investors alike will be keeping a close eye on the performance of ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Teekay Tankers (TNK) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Teekay Tankers currently has an aver ...

The most recent trading session ended with Teekay Tankers (TNK) standing at $62.11, reflecting a +1.62% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.96%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 1.18%. The oil and gas shipping company's stock has climbed by 14.46% in the past month, exceeding the Transportation sector's gain of 1.13% and the S&P 500's gain of 4.3%. The investment community will be paying close attention ...