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

Teekay Tankers

03/08/2023 14:34

* Teekay Tankers Ltd  TNK.N  reported quarterly adjusted
earnings
of $4.38​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of $4.42 per share.
    * Revenue rose 118.8% to $252.56 million from a year ago;
analysts
expected $269.23 million. 
    * Teekay Tankers Ltd's reported EPS for the quarter was
$4.43​.
    * The mean earnings estimate of analysts had risen by
about 122%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Teekay Tankers Ltd shares had risen by 13.0% this
quarter and
gained 43.8% so far this year.
    * The company reported quarterly net income of $151.24
million.
    * Wall Street's median 12-month price target for Teekay
Tankers
Ltd is $55.60 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      4.42           4.38           Missed
 Mar. 31 2023      4.38           5.13           Beat
 Dec. 31 2022      3.33           4.33           Beat
 Sep. 30 2022      1.69           1.70           Beat