TravelCenters of America (TA) closed the most recent trading day at $84.51, moving -0.14% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.53%. At the same time, the Dow lost 1.72%, and the tech-heavy Nasdaq lost 3.27%.
Heading into today, shares of the truck-stop operator had gained 74.86% over the past month, outpacing the Retail-Wholesale sector's loss of 5.33% and the S&P 500's loss of 1.28% in that time.
TravelCenters of America will be looking to display strength as it nears its next earnings release. In that report, analysts expect TravelCenters of America to post earnings of $0.66 per share. This would mark a year-over-year decline of 35.92%. Meanwhile, our latest consensus estimate is calling for revenue of $2.28 billion, down 0.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.67 per share and revenue of $9.54 billion, which would represent changes of -57.08% and -12.07%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TravelCenters of America. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TravelCenters of America is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, TravelCenters of America currently has a Forward P/E ratio of 18.12. Its industry sports an average Forward P/E of 18.29, so we one might conclude that TravelCenters of America is trading at a discount comparatively.
The Retail - Convenience Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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