Q4 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Ltd. (TSE:TCK) – Equities researchers at Raymond James lowered their Q4 2024 earnings estimates for shares of Teck Resources in a report issued on Tuesday, January 21st. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.67. Raymond James also issued estimates for Teck Resources’ Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.26 EPS.

Teck Resources (TSE:TCK) last announced 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 period in the prior year, the company posted $0.76 EPS.

A number of other research analysts have also commented on TCK. National Bank Financial lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. UBS Group downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Citigroup raised Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Four research 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, the stock has an average rating of “Moderate Buy”.

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