The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Teekay Tankers' revenues will contract -6.0% and EPS will shrink to a loss.
The average estimate for revenue is $29.5 million. On the bottom line, the average EPS estimate is -$0.01.
Last quarter, Teekay Tankers logged revenue of $31.9 million. GAAP reported sales were 0.1% higher than the prior-year quarter's $29.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.04. 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.
For the preceding 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.
The full year's average estimate for revenue is $155.8 million. The average EPS estimate is $0.10.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 260 members out of 276 rating the stock outperform, and 16 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Teekay Tankers a green thumbs-up, and five 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.
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