Zacks Research Forecasts Weaker Earnings for Teck Resources

Teck Resources Ltd. (TSE:TCKFree Report) – Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Teck Resources in a report issued on Monday, February 10th. Zacks Research analyst M. Das now anticipates that the company will post earnings per share of $2.25 for the year, down from their previous forecast 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.

Other analysts have also recently issued reports about the company. UBS Group cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. National Bank Financial lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, Teck Resources currently has a consensus rating of “Moderate Buy”.

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

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