Teekay Tankers Ltd reports results for the quarter ended March 31 - Earnings Summary

Teekay Tankers

07/05/2025 23:42

Teekay Tankers Ltd TNK.N reported quarterly adjusted earnings of $1.21​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.86.  The mean expectation of five analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range from $1.02  to $1.21 per share.

Revenue fell 31.5% to $231.64 million from a year ago; analysts expected $173.11 million.

Teekay Tankers Ltd's reported EPS for the quarter was $2.19​.

The company reported quarterly net income of $76.03 million.

Teekay Tankers Ltd shares had risen by 20.5% this quarter and gained 15.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 28.4% in the last three months.​

In the last 30 days, three 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," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for Teekay Tankers Ltd is $56.00

This summary was machine generated from LSEG data May 7 at 10:42 p.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
Mar. 31 2025
1.13
1.21
Beat
Dec. 31 2024
1.49
1.50
Beat
Sep. 30 2024
2.01
1.84
Missed
Jun. 30 2024
3.05
3.11
Beat