Teekay Tankers Ltd. (NYSE:TNK) is reporting third quarter earnings results on Thursday 12th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.19 per share.
For the full year, analysts predict revenues of $ 626.51 million, while looking forward to income of $ 5.93 per share.
Previous Quarter Performance
Teekay Tankers Ltd. unwinded income for the second quarter of $ 2.39 per share, from the revenue of $ 184.93 million. The quarterly revenues developed 95.53 percent compared with the same quarter last year. Wall street analysts are predicting, TNK to report 2Q20 income of $ 0.63 per share from revenue of $ 160.58 million. The bottom line results beat street analysts by $ 1.76 or 279.37 percent, at the same time, top line results outshined analysts by $ 24.35 million or 15.16 percent.
Stock Performance
Shares of Teekay Tankers Ltd. traded low $ -0.19 or -1.68 percent on Wednesday, reaching $ 11.09 with volume of 320.10 thousand shares. Teekay Tankers Ltd. has traded high as $ 11.37 and has cracked $ 10.93 on the downward trend
The closing price of $ 11.09, representing a 26.74 % increase from the 52 week low of $ 8.90 and a 58.1 % decrease over the 52 week high of $ 26.92.
The company has a market capital of $ 373.73 million and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Teekay Tankers Ltd. will be hosting a conference call at 12:00 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1 800 367 2403 Toll Free or 1 647 490 5367 Toll Number, when prompted, enter passcode 9018310 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.teekay.com/business/tankers
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS).
