Teekay Tankers (NYSE: TNK) reported earnings on Aug. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Teekay Tankers crushed expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.

Margins dropped across the board.

Revenue details
Teekay Tankers booked revenue of $51.0 million. The six analysts polled by S&P Capital IQ predicted sales of $32.7 million on the same basis. GAAP reported sales were 69% higher than the prior-year quarter's $28.6 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 $0.01. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. GAAP EPS were -$0.05 for Q2 against $0.02 per share for the prior-year quarter.

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 55.0%, 510 basis points worse than the prior-year quarter. Operating margin was 8.4%, 650 basis points worse than the prior-year quarter. Net margin was -9.0%, 1,400 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $46.7 million. On the bottom line, the average EPS estimate is -$0.01.

Next year's average estimate for revenue is $155.8 million. The average EPS estimate is $0.09.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 260 members out of 277 rating the stock outperform, and 17 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Teekay Tankers a green thumbs-up, and six 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 $5.94.