What is Scotiabank's Estimate for TC Energy FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for TC Energy to $3.87, up from $3.81, compared with the broader consensus estimate of $3.55.
• Scotiabank maintained a “Sector Outperform” rating and a $105.00 price target. Overall, TC Energy has a “Moderate Buy” consensus rating and an average target price of C$96.29.
• TC Energy shares opened at C$87.32 and were up 0.5%, while the company’s latest quarterly results included C$0.94 in EPS and C$3.96 billion in revenue.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of TC Energy in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the company will earn $3.87 per share for the year, up from their prior forecast of $3.81. Scotiabank currently has a "Sector Outperform" rating and a $105.00 target price on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

A number of other analysts have also recently issued reports on TRP. National Bank Financial increased their target price on TC Energy from C$102.00 to C$103.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Jefferies Financial Group raised shares of TC Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 20th. TD Securities upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group raised shares of TC Energy from a "hold" rating to a "buy" rating and set a C$71.00 price objective for the company in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$96.29.

TC Energy Stock Up 0.5%

TSE:TRP opened at C$87.32 on Monday. TC Energy has a 1 year low of C$69.41 and a 1 year high of C$100.18. The stock has a 50-day moving average price of C$85.78 and a two-hundred day moving average price of C$90.34. The stock has a market cap of C$90.97 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.69 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The company had revenue of C$3.96 billion for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.

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