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The Zacks Analyst Blog Highlights: Expeditors International of Washington, Canadian Pacific, Triton International and Nordic American Tankers

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For Immediate Release

Chicago, IL – November 10, 2016 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Expeditors International of Washington Inc. (NASDAQ:(EXPD - Free Report) –Free Report),Canadian Pacific (NYSE:(CP - Free Report) –Free Report),Triton International Ltd. (NYSE:(TRTN - Free Report) –Free Report) and Nordic American Tankers Limited (NYSE:(NAT - Free Report) – Free Report).

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Here are highlights from Wednesday’s Analyst Blog:

Transportation Stocks to Report Earnings Thursday: EXPD. CP, NAT, TRTN

The Q3 earnings season is drawing to a close with only a few companies remaining to report their financial numbers. This earnings cycle has been favorable for the majority of the 16 Zacks sectors and the overall picture is quite encouraging. According to our latest Earnings Preview report, this will likely be the first quarter to display earnings growth after five consecutive quarters of bottom-line deceleration.

The report also predicts that the S&P 500 Index will end the quarter with 3% year-over-year growth in the bottom line. Revenues, on the other hand, are projected to grow 1.5%. In fact, 12 sectors are projected to end the quarter with bottom-line improvement.

The transportation sector, unfortunately, is among the four sectors that are expected to end the current earnings cycle with earnings contraction. The oil/energy sector is likely to be the worst performer yet again with a 63.5% plunge in the bottom line on a year-over-year basis.

The transportation sector continues to face multiple headwinds like declining demand for travel due to security fears, soft coal shipments, labor strife, and technological glitches to name a few. The beleaguered sector is projected to end Q3 with bottom-line decrease of 13.5%. The dismal performances of key players like Expeditors International of Washington Inc. (NASDAQ:(EXPD - Free Report) – Free Report) and Canadian Pacific (NYSE:(CP - Free Report) – Free Report) added to the bearishness.

Given this bleak backdrop, investors interested in this space will look forward to reports from key sector players like Triton International Ltd. (NYSE:(TRTN - Free Report) – Free Report) and Nordic American Tankers Limited (NYSE:(NAT - Free Report) – Free Report) on Nov 10, to find out whether these companies can offer a glimmer of hope for the sector.

Triton International Limited was formed in Jul 2016 following the merger of Triton Container International Limited and TAL International Group. The company is a lessor of intermodal containers and chassis. According to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. The company has an Earnings ESP of -50.00% as the Most Accurate estimate is 9 cents below the Zacks Consensus Estimate of 18 cents. The negative Earnings ESP complicates matters and makes surprise prediction difficult for the company despite its favorable Zacks Rank #3.


You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

Our quantitative model does not conclusively indicate an earnings beat for Hamilton, Bermuda-based company Nordic American Tankers Limited either. The Earnings ESP for Nordic American Tankers is 0.00% as the Most Accurate estimate is in line with the Zacks Consensus Estimate. The company has a Zacks Rank #4 (Sell). Please note that we caution against Sell-rated stocks (Zacks Rank #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.


You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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