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TravelCenters of America (TA) Stock Sinks As Market Gains: What You Should Know

TravelCenters of America (TA) closed the most recent trading day at $57.07, moving -0.9% from the previous trading session. This change lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.

Heading into today, shares of the truck-stop operator had gained 8.33% over the past month, outpacing the Retail-Wholesale sector's loss of 1.64% and the S&P 500's loss of 0.84% in that time.

Wall Street will be looking for positivity from TravelCenters of America as it approaches its next earnings report date. This is expected to be November 1, 2022. The company is expected to report EPS of $2.01, up 32.24% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.73 billion, up 40.55% 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 $10.5 billion. These totals would mark changes of +96.59% and +43.11%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for TravelCenters of America. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.88% higher. TravelCenters of America is currently a Zacks Rank #1 (Strong Buy).

Looking at its valuation, TravelCenters of America is holding a Forward P/E ratio of 7.13. Its industry sports an average Forward P/E of 14.27, 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 2, putting it in the top 1% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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