Zacks Research Reduces Earnings Estimates for Teck Resources

Teck Resources Ltd. (TSE:TCKFree Report) – Equities researchers at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued on Wednesday, February 19th. Zacks Research analyst M. Das now forecasts that the company will post earnings per share of $2.20 for the year, down from their previous estimate of $2.25. Zacks Research also issued estimates for Teck Resources’ Q4 2024 earnings at $0.20 EPS and Q4 2026 earnings at $0.42 EPS.

TCK has been the topic of several other reports. UBS Group cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. National Bank Financial lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Four investment 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, Teck Resources currently has an average rating of “Moderate Buy”.

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