Brokers Offer Predictions for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCKFree Report) – Equities researchers at Zacks Research reduced their FY2024 earnings estimates for shares of Teck Resources in a research report issued on Wednesday, February 19th. Zacks Research analyst M. Das now forecasts that the company will post earnings of $2.20 per share 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.

Other equities research analysts have also issued reports about the company. National Bank Financial lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. UBS Group cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. 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 MarketBeat, Teck Resources has an average rating of “Moderate Buy”.

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