Brokers Set Expectations for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCK) – National Bank Financial lifted their FY2024 EPS estimates for Teck Resources in a research report issued on Tuesday, January 21st. National Bank Financial analyst S. Nagle now anticipates that the company will earn $2.34 per share for the year, up from their previous estimate of $2.25. National Bank Financial has a “Hold” rating on the stock. National Bank Financial also issued estimates for Teck Resources’ FY2026 earnings at $1.92 EPS, FY2027 earnings at $1.57 EPS and FY2028 earnings at $0.94 EPS.

A number of other equities analysts have also weighed in on the stock. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last released its earnings results on Thursday, October 24th. The company reported C$0.60 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.49 by C$0.11. During the same quarter in the prior year, the company earned $0.76 EPS.