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

Teekay Tankers

02/11/2023 13:32

* Teekay Tankers Ltd  TNK.N  reported quarterly adjusted
earnings
of $2.24​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $1.70.  The mean expectation of seven analysts for the
quarter was for earnings of $2.03 per share. Wall Street
expected results to range from $1.52  to $2.59 per share.
    * Revenue rose 98% to $285.86 million from a year ago;
analysts
expected $183.57 million. 
    * Teekay Tankers Ltd's reported EPS for the quarter was
$2.38​.
    * The company reported quarterly net income of $81.37
million.
    * Teekay Tankers Ltd shares had risen by 23.5% this
quarter and
gained 71.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Teekay
Tankers
Ltd is $59.00 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.03           2.24           Beat
 Jun. 30 2023      4.42           4.38           Missed
 Mar. 31 2023      4.38           5.13           Beat
 Dec. 31 2022      3.33           4.33           Beat