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 Teekay Tankers in its upcoming earnings disclosure. The company is expected to report EPS of $2.52, up 14.03% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $162.53 million, indicating a 5.82% decrease compared to the same quarter of the previous year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.33 per share and a revenue of $805.05 million, indicating changes of -7.88% and -9.55%, respectively, from the former year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Teekay Tankers. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Teekay Tankers is currently a Zacks Rank #3 (Hold).

In terms of valuation, Teekay Tankers is presently being traded at a Forward P/E ratio of 4.08. For comparison, its industry has an average Forward P/E of 7.84, which means Teekay Tankers is trading at a discount to the group.

One should further note that TNK currently holds a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Transportation - Shipping industry stood at 0.75 at the close of the market yesterday.