Raymond James Forecasts Lower Earnings for Teck Resources

Teck Resources Ltd. (TSE:TCK) – Equities researchers at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for Teck Resources in a report released on Tuesday, January 21st. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.43 per share for the quarter, down from their previous estimate 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 posted its quarterly earnings data on Thursday, October 24th. The company reported C$0.60 EPS for the quarter, beating the consensus estimate of C$0.49 by C$0.11. During the same period in the previous year, the company earned $0.76 EPS.

Several other research analysts have also weighed in on the stock. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, National Bank Financial lowered shares of 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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