Teekay Tankers Ltd expected to post a loss of 72  cents a share - Earnings Preview

Teekay Tankers

10/05/2022 19:31

* Teekay Tankers Ltd  TNK.N   TNK  is expected to show a
fall in
quarterly revenue when it reports  results on May 12. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 18.9% decrease in revenue to $59.755 million from
$73.7 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Teekay Tankers Ltd
is for
a loss of 72 cents per share. For the same quarter last year,
the company reported a loss of 65 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Teekay
Tankers
Ltd is $19​, above​ its last closing price of $14.38. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  -0.93       -0.83      -0.74     Beat    11.2
 Sep. 30 2021  -1.53       -1.62      -1.48     Beat    8.6
 Jun. 30 2021  -1.05       -1.05      -1.23     Missed  -16.8​
 Mar. 31 2021  -0.77       -0.80      -0.65     Beat    18.5
 ​​Dec.        -1.01       -0.99      -1.21     Missed  -22
 31 2020                                                
 Sep. 30 2020  0.19        0.19       0.09      Missed  -53​
 Jun. 30 2020  2.54        2.56       2.39      Missed  -6.5
 Mar. 31 2020  3.10        2.99       3.27      Beat    9.5
 This summary was machine generated May 10 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated