Teekay Tankers Q3 Adj $1.84 Misses $2.12 Estimate, Sales $243.28M Beat $208.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teekay Tankers (NYSE:TNK) reported Q3 earnings of $1.84 per share, missing the $2.12 estimate, but sales of $243.28M beat the $208.26M estimate. Earnings decreased by 17.86% from last year, while sales decreased by 14.90%.
October 30, 2024 | 8:43 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Teekay Tankers reported Q3 earnings of $1.84 per share, missing the $2.12 estimate, but sales of $243.28M beat the $208.26M estimate. Earnings decreased by 17.86% from last year, while sales decreased by 14.90%.
The earnings miss is significant as it was below analyst expectations by 13.21%, which could negatively impact the stock price. However, the sales beat by 16.81% might mitigate some negative sentiment. Overall, the decrease in both earnings and sales compared to last year suggests a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100