Teekay Tankers (NYSE: TNK) reported earnings on May 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Teekay Tankers met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Teekay Tankers booked revenue of $31.9 million. The five analysts polled by S&P Capital IQ predicted sales of $31.9 million on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $29.0 million.

My

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.04. The seven earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.06 for Q1 were 50% lower than the prior-year quarter's $0.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.2%, 960 basis points worse than the prior-year quarter. Operating margin was 11.0%, 910 basis points worse than the prior-year quarter. Net margin was 14.3%, 1,020 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $32.4 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $159.9 million. The average EPS estimate is $0.15.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 258 members out of 271 rating the stock outperform, and 13 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Teekay Tankers a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teekay Tankers is outperform, with an average price target of $5.20.

Can your retirement portfolio provide you with enough income to last? You'll need more than Teekay Tankers. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.