Teekay Tankers (TNK) Stock Dips While Market Gains: Key Facts

Company Performance - Teekay Tankers closed at $44.17, reflecting a -1.56% change from the previous day, underperforming the S&P 500 which gained 0.4% [1] - Over the past month, shares of Teekay Tankers increased by 3.17%, outperforming the Transportation sector's gain of 2.67% but lagging behind the S&P 500's gain of 4.61% [1] Earnings Expectations - The upcoming earnings disclosure is expected to show an EPS of $1.78, which is a decline of 42.21% from the same quarter last year [2] - Revenue is forecasted to be $172.46 million, indicating a 12.23% decline compared to the corresponding quarter of the prior year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $5.89 per share, representing a -42.87% change from the prior year, while revenue is expected to be $646.53 million, reflecting a -11.56% change [3] - Recent changes in analyst estimates suggest shifting dynamics in short-term business patterns, with positive alterations indicating analyst optimism [3] Valuation Metrics - Teekay Tankers is currently trading with a Forward P/E ratio of 7.62, which is lower than the industry's Forward P/E of 9.81, indicating a valuation discount [6] - The Transportation - Shipping industry holds a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Teekay Tankers at 3 (Hold) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 8.89% [5]