Teekay Tankers (NYSE: TNK) is expected to report Q3 earnings on Nov. 8. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Teekay Tankers's revenues will grow 48.3% and EPS will shrink to a loss.

The average estimate for revenue is $43.0 million. On the bottom line, the average EPS estimate is -$0.06.

Revenue details
 Last quarter, Teekay Tankers reported revenue of $51.0 million. GAAP reported sales were 12% lower than the prior-year quarter's $54.5 million.

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

EPS details
 Last quarter, EPS came in at $0.01. GAAP EPS of $0.01 for Q2 were 50% lower than the prior-year quarter's $0.02 per share.

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

Recent performance
 For the preceding quarter, gross margin was 55.0%, 460 basis points worse than the prior-year quarter. Operating margin was 10.1%, 880 basis points worse than the prior-year quarter. Net margin was -9.0%, 1,000 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $166.2 million. The average EPS estimate is -$0.01.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 259 members out of 276 rating the stock outperform, and 17 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 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 $5.94.

Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.