TravelCenters of America closed the most recent trading day at $53.16, moving -1.7% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.72%. At the same time, the Dow lost 1.62%, and the tech-heavy Nasdaq gained 0.09%.
Coming into today, shares of the truck-stop operator had lost 8.76% in the past month. In that same time, the Retail-Wholesale sector lost 8.48%, while the S&P 500 lost 9.09%.
TravelCenters of America will be looking to display strength as it nears its next earnings release. On that day, TravelCenters of America is projected to report earnings of $1.69 per share, which would represent year-over-year growth of 11.18%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.72 billion, up 39.96% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.08 per share and revenue of $10.58 billion. These totals would mark changes of +96.59% and +44.25%, respectively, from last year.
Any recent changes to analyst estimates for TravelCenters of America should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 6.88% higher. TravelCenters of America is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, TravelCenters of America is currently trading at a Forward P/E ratio of 6.69. This represents a discount compared to its industry's average Forward P/E of 13.73.
The Retail - Convenience Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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TravelCenters of America (TA) Stock Moves -1.7%: What You Should Know
TravelCenters of America closed the most recent trading day at $53.16, moving -1.7% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.72%. At the same time, the Dow lost 1.62%, and the tech-heavy Nasdaq gained 0.09%.
Coming into today, shares of the truck-stop operator had lost 8.76% in the past month. In that same time, the Retail-Wholesale sector lost 8.48%, while the S&P 500 lost 9.09%.
TravelCenters of America will be looking to display strength as it nears its next earnings release. On that day, TravelCenters of America is projected to report earnings of $1.69 per share, which would represent year-over-year growth of 11.18%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.72 billion, up 39.96% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.08 per share and revenue of $10.58 billion. These totals would mark changes of +96.59% and +44.25%, respectively, from last year.
Any recent changes to analyst estimates for TravelCenters of America should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 6.88% higher. TravelCenters of America is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, TravelCenters of America is currently trading at a Forward P/E ratio of 6.69. This represents a discount compared to its industry's average Forward P/E of 13.73.
The Retail - Convenience Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.