FY2027 Earnings Estimate for TC Energy Issued By Scotiabank

Key Points

• Scotiabank raised TC Energy’s FY2027 EPS estimate slightly to $3.99 from $3.98 and maintained a “Sector Outperform” rating with a C$105 price target.
• TC Energy reported quarterly EPS of C$0.94 on revenue of C$3.96 billion, with a 13.07% return on equity and 22.46% net margin.
• Analyst sentiment remains mixed: seven analysts rate the stock a Buy and eight rate it a Hold, producing a consensus “Hold” rating and average target price of C$94.64.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Equities researchers at Scotiabank raised their FY2027 earnings per share (EPS) estimates for TC Energy in a note issued to investors on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.99 per share for the year, up from their previous estimate 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.

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

Several other analysts also recently issued reports on TRP. TD lifted their price target on shares of TC Energy from C$100.00 to C$102.00 and gave the company a "hold" rating in a research report on Friday, July 31st. National Bank Financial upped their price objective on shares of TC Energy from C$102.00 to C$103.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their price objective on shares of TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. ATB Cormark Capital Markets lifted their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the company a "sector perform" rating in a report on Friday, July 31st. Finally, US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$94.64.

TC Energy Price Performance

Shares of TSE:TRP opened at C$85.44 on Monday. TC Energy has a twelve month low of C$69.41 and a twelve month high of C$100.18. The stock's 50 day moving average is C$94.27 and its 200-day moving average is C$90.51. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. The firm has a market capitalization of C$89.01 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.69 and a beta of 0.72.

Insider Transactions at TC Energy

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Insiders own 0.03% of the company's stock.

Trending Headlines about TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: US Capital Advisors upgraded TC Energy, supporting sentiment toward the shares. The firm also raised its FY2026 EPS forecast to $3.89 from $3.71, although it retained a “Moderate Buy” rating. TC Energy Upgraded at US Capital Advisors
• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate slightly to $3.99 from $3.98 and maintained a “Sector Outperform” rating with a C$105 price target, implying meaningful upside from recent trading levels. Scotiabank Comments on TC Energy’s FY2026 Earnings
• Neutral Sentiment: The analyst outlook remains mixed: US Capital Advisors’ FY2026 forecast of $3.89 is above the broader $3.55 consensus, but its FY2027 estimate of $3.73 is below its prior forecast. This creates uncertainty about the pace of earnings growth after 2026.
• Negative Sentiment: US Capital Advisors reduced EPS estimates across multiple periods, including Q1 2027 to $1.05 from $1.07, Q2 and Q3 2027 to $0.84, Q4 2027 to $1.00 from $1.04, FY2027 to $3.73 from $3.89, and FY2028 to $3.90 from $3.99. The breadth of the cuts may be weighing on the stock despite the rating upgrade.

About TC Energy

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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