The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Teekay Tankers met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share increased. GAAP loss per share grew.
Margins contracted across the board.
Teekay Tankers tallied revenue of $45.5 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $45.3 million on the same basis. GAAP reported sales were 6.3% lower than the prior-year quarter's $45.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.09. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.05 per share. Non-GAAP EPS were -$0.09 for Q4 versus -$0.02 per share for the prior-year quarter. GAAP EPS were -$4.27 for Q4 versus -$0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.2%, 560 basis points worse than the prior-year quarter. Operating margin was -11.9%, much worse than the prior-year quarter. Net margin was -836.9%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $42.8 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $180.2 million. The average EPS estimate is -$0.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 258 members out of 274 rating the stock outperform, and 16 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 hold, with an average price target of $3.90.
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