Revenue and earnings estimate for Q2 2018
Wall Street analysts expect that Teekay Tankers’ (TNK) revenues could reach ~$80.28 million in the second quarter. This compares to $88.47 million in the first quarter and ~$89.36 million in the second quarter of 2017. Along with a fall in revenues, analysts expect a fall in Teekay Tankers’ EBITDA as well.
Analysts expect Teekay Tankers’ second-quarter EBITDA to be $14.7 million, compared to $21.01 million in the previous quarter and $26.14 million in the second quarter of 2017.
In 2018, its revenues are expected to fall 18.5% to $351.4 million from its revenues of $431.0 million in 2017. The 2018 EBITDA estimate for Teekay Tankers is $88.6 million, which is lower than its 2017 EBITDA of $114.8 million.
Teekay Tankers’ peers
Below are the second-quarter revenue estimates for Teekay Tankers’ peers:
Of the eight analysts who gave recommendations on Teekay Tankers, 50.0% of the analysts are bullish on the stock—two analysts gave a “strong buy” rating, and two analysts gave a “buy” rating. Three analysts are neutral and recommended a “hold.” One analyst gave a “sell” rating for Teekay Tankers.
The consensus 12-month target price for Teekay Tankers is $1.69, which implies a potential upside of 43.2% from its July 11 market price.