Teekay Tankers Q4 Adj. EPS $2.91 Misses $3.47 Estimate, Sales $313.29M Beat $235.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teekay Tankers (TNK) reported Q4 adjusted EPS of $2.91, missing the $3.47 estimate, and sales of $313.29M, beating the $235.10M estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 22, 2024 | 6:26 am
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NEGATIVE IMPACT
Teekay Tankers reported a Q4 adjusted EPS of $2.91, missing estimates, and sales of $313.29M, exceeding expectations. Earnings and sales saw a year-over-year decline.
The miss in EPS expectations and the year-over-year decline in both earnings and sales are likely to negatively impact investor sentiment towards TNK in the short term. Despite the sales beat, the earnings miss and overall decline are critical factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100