In the latest trading session, Tsakos Energy closed at $15.88, marking a -1.06% move from the previous day. This move lagged the S&P 500's daily gain of 1.83%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.09%.
Coming into today, shares of the oil and gas shipping company had gained 16.81% in the past month. In that same time, the Transportation sector lost 4.41%, while the S&P 500 lost 5.51%.
Investors will be hoping for strength from Tsakos Energy as it approaches its next earnings release, which is expected to be September 14, 2022. On that day, Tsakos Energy is projected to report earnings of $1.53 per share, which would represent year-over-year growth of 229.66%. Meanwhile, our latest consensus estimate is calling for revenue of $163.51 million, up 84.03% from the prior-year quarter.
TNP's full-year Zacks Consensus Estimates are calling for earnings of $4.43 per share and revenue of $600.09 million. These results would represent year-over-year changes of +183.9% and +72.42%, respectively.
Investors should also note any recent changes to analyst estimates for Tsakos Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tsakos Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Tsakos Energy's current valuation metrics, including its Forward P/E ratio of 3.62. Its industry sports an average Forward P/E of 3.57, so we one might conclude that Tsakos Energy is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Tsakos Energy (TNP) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Tsakos Energy closed at $15.88, marking a -1.06% move from the previous day. This move lagged the S&P 500's daily gain of 1.83%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.09%.
Coming into today, shares of the oil and gas shipping company had gained 16.81% in the past month. In that same time, the Transportation sector lost 4.41%, while the S&P 500 lost 5.51%.
Investors will be hoping for strength from Tsakos Energy as it approaches its next earnings release, which is expected to be September 14, 2022. On that day, Tsakos Energy is projected to report earnings of $1.53 per share, which would represent year-over-year growth of 229.66%. Meanwhile, our latest consensus estimate is calling for revenue of $163.51 million, up 84.03% from the prior-year quarter.
TNP's full-year Zacks Consensus Estimates are calling for earnings of $4.43 per share and revenue of $600.09 million. These results would represent year-over-year changes of +183.9% and +72.42%, respectively.
Investors should also note any recent changes to analyst estimates for Tsakos Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tsakos Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Tsakos Energy's current valuation metrics, including its Forward P/E ratio of 3.62. Its industry sports an average Forward P/E of 3.57, so we one might conclude that Tsakos Energy is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.