Teekay Tankers
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Teekay Tankers's revenues will expand 67.8% and EPS will remain in the red.
The average estimate for revenue is $45.8 million. On the bottom line, the average EPS estimate is -$0.04.
Revenue details
Last quarter, Teekay Tankers tallied revenue of $46.1 million. GAAP reported sales were 13% lower than the prior-year quarter's $49.7 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, non-GAAP EPS came in at -$0.09. GAAP EPS were -$0.12 for Q3 compared to -$0.28 per share for the prior-year quarter.
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 38.7%, 1,190 basis points worse than the prior-year quarter. Operating margin was -10.5%, 1,620 basis points worse than the prior-year quarter. Net margin was -22.4%, 16,790 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $167.0 million. The average EPS estimate is -$0.10.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 257 members out of 273 rating the stock outperform, and 16 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 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 hold, with an average price target of $4.73.
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