What is Scotiabank's Estimate for TC Energy FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS estimate for TC Energy to $4.00, up from $3.98, while maintaining a “Sector Outperform” rating and a $105 price target.
• Analyst sentiment has generally improved, with TC Energy carrying a consensus “Moderate Buy” rating and an average target price of C$96.29.
• TC Energy shares opened at C$87.58, while the company’s latest quarter included C$0.94 EPS, C$3.96 billion in revenue, a 22.46% net margin and a 13.07% return on equity.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Scotiabank upped their FY2027 EPS estimates for TC Energy in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $4.00 for the year, up from their previous forecast of $3.98. Scotiabank has a "Sector Outperform" rating and a $105.00 price objective on the stock. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

TRP has been the topic of several other research reports. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 20th. Royal Bank Of Canada upgraded TC Energy to a "moderate buy" rating in a research report on Friday, September 11th. BMO Capital Markets boosted their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. The Goldman Sachs Group upgraded shares of TC Energy from a "hold" rating to a "buy" rating and set a C$71.00 price target on the stock in a report on Wednesday, September 30th. Finally, National Bank Financial raised their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$96.29.

TC Energy Trading Up 0.3%

Shares of TSE TRP opened at C$87.58 on Tuesday. TC Energy has a fifty-two week low of C$69.41 and a fifty-two week high of C$100.18. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of C$91.24 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.69 and a beta of 0.74. The business's 50 day moving average price is C$85.82 and its 200-day moving average price is C$88.04.

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

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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