Teekay Tankers Ltd expected to post earnings of $3.73 a share - Earnings Preview

Teekay Tankers

07/05/2024 16:01

* Teekay Tankers Ltd  TNK.N   TNK  is expected to show a
fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Hamilton Bermuda-based   company is expected to report
a
18.1% decrease in revenue to $221.55 million from $270.47
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Teekay Tankers Ltd is
for
earnings of $3.73 per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 7 "strong buy" or
"buy," no "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 $71.50​, above​ its last closing price of $60.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  3.48        3.47       2.91      Missed  -16.2
 Sep. 30 2023  2.04        2.03       2.24      Beat    10.1
 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.        3.36        3.33       4.33      Beat    29.9
 31 2022                                                
 Sep. 30 2022  1.73        1.69       1.70      Beat    0.8​
 Jun. 30 2022  0.57        0.68       0.76      Beat    12.1
 Mar. 31 2022  -0.64       -0.68      -0.41     Beat    40.1
 This summary was machine generated May 7 at 15:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)