Transportation Stocks Q3 Earnings Coming Up: USAK, TNP
Zacks Investment Research | Nov 02, 2016 09:05PM ET
The Q3 earnings season is in its last leg for the majority of sectors. Retail and Consumer Discretionary are the only sectors that are yet to see several industry players reporting their Q3 results. According to our latest Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. Despite the company having an Earnings ESP of +54.55% (the Most Accurate estimate is 6 cents above the Zacks Consensus Estimate of 11 cents), its Zacks Rank #4 (Sell) complicates matters, making an earnings beat unlikely in Q3. As it is, we caution against Sell-rated stocks going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Tsakos Energy Navigation Ltd. is a leading provider of international seaborne crude oil and petroleum product transportation services. The company is expected to report Q3 results on Nov 4. The transportation has a Zacks Rank #4 and an Earnings ESP of -100% (the Most Accurate estimate of a breakeven is 4 cents below the Zacks Consensus Estimate). The unfavorable combination makes an earnings beat unlikely in Q3.
TSAKOS EGY NAVG Price and EPS Surprise
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