Teekay Tankers .-Teekay Tankers (TNK) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - Teekay Tankers (TNK) closed at $41.70, reflecting a -1.56% change from the previous day's closing price, underperforming compared to the S&P 500's daily loss of 0.95% [1] - Over the past month, shares of Teekay Tankers have increased by 0.59%, which is lower than the Transportation sector's gain of 4.51% and the S&P 500's gain of 1.86% [1] Upcoming Earnings - Analysts expect Teekay Tankers to report earnings of$ 1.49 per share, indicating a year-over-year decline of 48.08% [2] - The consensus estimate for revenue is $158.26 million, down 18.62% from the same quarter last year [2] Analyst Estimates - Recent adjustments to analyst estimates for Teekay Tankers are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] Zacks Rank and Valuation - Teekay Tankers currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate decreasing by 6.56% in the past month [5] - The company has a Forward P/E ratio of 5.95, which is lower than the industry average of 9.03, and a PEG ratio of 1.98 compared to the industry average of 1.44 [6] Industry Context - The Transportation - Shipping industry, which includes Teekay Tankers, ranks in the bottom 6% of all industries according to the Zacks Industry Rank, indicating weaker performance compared to other sectors [7]