Analysts Set Expectations for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCK) – Analysts at National Bank Financial raised their FY2024 earnings estimates for Teck Resources in a research note issued to investors on Tuesday, January 21st. National Bank Financial analyst S. Nagle now expects that the company will earn $2.34 per share for the year, up from their prior estimate of $2.25. National Bank Financial currently 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.

Teck Resources (TSE:TCK) last issued its earnings results on Thursday, October 24th. The company reported C$0.60 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.11. During the same quarter in the previous year, the company posted $0.76 earnings per share.

Other research analysts have also issued reports about the stock. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group cut Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Teck Resources currently has an average rating of “Moderate Buy”.

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