Teekay Tankers Ltd. (NYSE:TNK) is expected to report second quarter earnings results, after market close, on Thursday 13th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.56 per share.
Looking ahead, the full year income are expected at $ 7.43 per share on the revenues of $ 709.92 million.
Previous Quarter Performance
Teekay Tankers Ltd. announced income for the first quarter of $ 3.27 per share, from the revenue of $ 222.66 million. The quarterly earnings escalated 717.50 percent while revenues swell 64.74 percent compared with the same quarter last year.
Street analysts expected Teekay Tankers Ltd. to report income of $ 2.66 per share on revenue of $ 276.25 million for the first quarter. The bottom line results beat street analysts by $ 0.61 or 22.93 percent, at the same time, top line results fell short of analysts by $ 53.59 million or 19.4 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TNK was $ 15.90, representing a 33.17 % increase from the 52 week low of $ 11.94 and a 90.41 % decrease over the 52 week high of $ 165.76.
The company has a market capital of $ 535.83 million and is part of the Industrials sector and Shipping & Ports industry.
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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).
