Earnings Preview For Teekay Tankers

Teekay Tankers (NYSE:TNK) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Teekay Tankers to report an earnings per share (EPS) of $2.12.

The market awaits Teekay Tankers's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

Last quarter the company beat EPS by $0.04, which was followed by a 5.77% drop in the share price the next day.

Here's a look at Teekay Tankers's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.07

3.78

3.47

2.10

EPS Actual

3.11

3.86

2.91

2.24

Price Change %

-6.0%

-1.0%

-1.0%

2.0%

Stock Performance

Shares of Teekay Tankers were trading at $49.45 as of October 28. Over the last 52-week period, shares are down 4.71%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Insights on Teekay Tankers

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Teekay Tankers.

The consensus rating for Teekay Tankers is Buy, based on 2 analyst ratings. With an average one-year price ...