Teekay Tankers Ltd expected to post earnings of $2.03 a share - Earnings Preview

Teekay Tankers

31/10/2023 14:43

* Teekay Tankers Ltd  TNK.N   TNK  is expected to show a
rise in
quarterly revenue when it reports  results on November 2. 
    * The Hamilton Bermuda-based   company is expected to report
 a
27.1% increase in revenue to $183.568 million from $144.37
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Teekay Tankers Ltd
is for
earnings of $2.03 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 no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Teekay
Tankers
Ltd is $58​, above​ its last closing price of $48.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  4.60        4.42       4.38      Missed  -0.9
 Mar. 31 2023  4.50        4.38       5.13      Beat    17.1
 Dec. 31 2022  3.36        3.33       4.33      Beat    29.9​
 Sep. 30 2022  1.73        1.69       1.70      Beat    0.8
 ​​Jun.        0.57        0.68       0.76      Beat    12.1
 30 2022                                                
 Mar. 31 2022  -0.64       -0.68      -0.41     Beat    40.1​
 Dec. 31 2021  -0.93       -0.83      -0.74     Beat    11.2
 Sep. 30 2021  -1.53       -1.62      -1.48     Beat    8.6
 This summary was machine generated October 31 at 14:43 GMT.  All
figures in US dollars  unless otherwise stated