Teekay Tankers Ltd reports results for the quarter ended in January 1 - Earnings Summary

Teekay Tankers

31/10/2024 02:45

* Teekay Tankers Ltd  TNK.N  reported quarterly adjusted
earnings
of $1.84​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of
$2.24.  The mean expectation of seven analysts for the quarter
was for earnings of $2.01 per share. Wall Street expected
results to range from $1.78  to $2.36 per share.
    * Revenue fell 14.9% to $243.28 million from a year ago;
analysts
expected $203.58 million. 
    * Teekay Tankers Ltd's reported EPS for the quarter was
$1.70​.
    * The company reported quarterly net income of $58.82
million.
    * Teekay Tankers Ltd shares had fallen by 16.4% this
quarter and
gained 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
transportation services peer group is also "strong buy"

Wall Street's median 12-month price target for Teekay Tankers
Ltd is 73.50 
This summary was machine generated from LSEG data October 31 at
02:45 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.01           1.84           Missed
 Jun. 30 2024      3.05           3.11           Beat
 Mar. 31 2024                     3.86           
 Dec. 31 2023      3.47           2.91           Missed