Teck Resources's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Teck Resources (NYSE:TECK) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $1.00. The company's past earnings performance shows a mix of misses and beats against estimates, with the share price reacting variably. Shares are currently trading at $37.9, down 6.7% over the last year. Investors are looking for positive guidance for the next quarter beyond the EPS figure.
February 21, 2024 | 2:01 pm
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Teck Resources is anticipated to report an EPS of $1.00 for the upcoming quarter. Historical performance shows variability in meeting EPS estimates, affecting stock price movements. Currently, shares are down 6.7% over the past year.
The anticipation of Teck Resources' earnings report and its EPS of $1.00 sets a neutral expectation due to the company's mixed history of earnings performance. The past variability in meeting or missing EPS estimates and the subsequent stock price reactions suggest a cautious outlook. The current year-to-date performance indicates a negative trend, but the focus on future guidance could potentially sway investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100