Zacks Research Reduces Earnings Estimates for Teck Resources

Teck Resources Ltd. (TSE:TCKFree Report) – Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Teck Resources in a research report issued on Monday, February 10th. Zacks Research analyst M. Das now forecasts that the company will earn $2.25 per share for the year, down from their previous estimate of $2.27. Zacks Research also issued estimates for Teck Resources’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.76 EPS.

A number of other equities analysts also recently commented on the stock. UBS Group downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. National Bank Financial downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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Earnings History and Estimates for Teck Resources (TSE:TCK)

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