Teekay Tankers (TNK) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Teekay Tankers (TNK) closed at $53.86, reflecting a +2.75% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.53% [1] - Over the last month, the company's shares have decreased by 4.2%, underperforming the Transportation sector's gain of 0.37% and the S&P 500's gain of 0.71% [1] Earnings Expectations - The upcoming earnings release is expected to show an EPS of $1.06, indicating a 42.08% decline compared to the same quarter last year [2] - For the full year, earnings are projected at $5.1 per share, representing a -50.53% change from the prior year, while revenue is expected to remain unchanged at $0 million [2] Analyst Estimates - Recent changes to analyst estimates for Teekay Tankers are important, as positive revisions can indicate a favorable business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides an actionable rating system for investors [4] Zacks Rank and Valuation - Teekay Tankers currently holds a Zacks Rank of 4 (Sell), with a consensus EPS projection that has decreased by 9.01% in the past 30 days [5] - The company is trading at a Forward P/E ratio of 10.28, which is lower than the industry average Forward P/E of 11.22 [6] Industry Context - The Transportation - Shipping industry, to which Teekay Tankers belongs, has a Zacks Industry Rank of 94, placing it in the top 39% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]