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Teekay Tankers (TNK) Soars 7.4%: Is Further Upside Left in the Stock?
ZACKS· 2025-09-16 17:16
Company Overview - Teekay Tankers (TNK) shares increased by 7.4% to $55.96 in the last trading session, marking the third consecutive day of price increase [1] - Over the past month, TNK shares have gained 21%, attributed to gradual improvement in the tanker market [1] Earnings Expectations - Teekay Tankers is expected to report quarterly earnings of $1.10 per share, reflecting a year-over-year decline of 39.9% [2] - Revenue projections stand at $132.3 million, down 11.4% from the same quarter last year [2] Stock Performance and Trends - The consensus EPS estimate for Teekay Tankers has remained unchanged over the last 30 days, indicating a lack of upward revisions in earnings estimates [3] - The stock's price typically does not continue to rise without trends in earnings estimate revisions, suggesting the need for monitoring TNK's performance moving forward [3] Industry Context - Teekay Tankers operates within the Zacks Transportation - Shipping industry, which includes other companies like Genco Shipping & Trading (GNK) [4] - Genco Shipping's shares increased by 1.2% to $18.23, with a 10.4% return over the past month [4] - Genco Shipping's consensus EPS estimate has also remained unchanged at $0.22, representing a year-over-year decline of 46.3% [5]
Hafnia Limited (HAFN) Surpasses Q2 Earnings Estimates
ZACKS· 2025-08-27 12:06
Core Insights - Hafnia Limited (HAFN) reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.51 per share a year ago, indicating an earnings surprise of +7.14% [1] - The company posted revenues of $231.16 million for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.02%, and down from $417.36 million year-over-year [2] - Hafnia Limited has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates two times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $224.09 million, and for the current fiscal year, it is $0.69 on revenues of $958.34 million [7] - The trend of estimate revisions for Hafnia Limited was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Shipping industry, to which Hafnia Limited belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]