TC Energy's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
TC Energy (NYSE:TRP) is scheduled to release its quarterly earnings report on February 16, 2024, with analysts expecting an EPS of $0.83. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a slight share price drop. Shares have declined 9.41% over the last year, indicating potential investor concern ahead of the announcement. The company's guidance for the next quarter will be a key factor for investors.
February 15, 2024 | 2:00 pm
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TC Energy is expected to report an EPS of $0.83 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a general downtrend over the past year.
The expected EPS of $0.83 sets a cautious tone for investors, given TRP's history of mixed reactions to earnings reports. The slight drop in share price following last quarter's earnings beat, combined with a 9.41% decline over the past year, suggests a neutral short-term impact. Investors will likely focus on the company's future guidance, which could sway the stock's direction more significantly than the earnings result itself.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100