Does The Street Have Teekay Tankers Figured Out?
byNov 4th 2012 1:06AM
Teekay Tankers (NYS: 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.
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.
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.
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.
The full year's average estimate for revenue is $166.2 million. The average EPS estimate is -$0.01.
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.
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The article Does The Street Have Teekay Tankers Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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