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

Key Points

• Scotiabank raised its FY2026 EPS forecast for TC Energy to $3.78 from $3.75, above the $3.55 consensus estimate. It maintained a “Sector Outperform” rating and a $105 price target.
• TC Energy reported quarterly EPS of C$0.94 and revenue of C$3.96 billion, with a 13.07% return on equity and 22.46% net margin.
• Analyst sentiment remains mixed: six analysts rate the stock a Buy and nine a Hold, producing a consensus rating of “Hold” and an average price target of C$94.64.

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Investment analysts at Scotiabank boosted their FY2026 earnings estimates for TC Energy in a research note issued on Tuesday, August 4th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.78 for the year, up from their prior estimate of $3.75. 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 results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$3.96 billion for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.

A number of other analysts also recently commented on TRP. TD boosted their target price on TC Energy from C$100.00 to C$102.00 and gave the stock a "hold" rating in a research report on Friday, July 31st. Barclays increased their price objective on shares of TC Energy from C$100.00 to C$102.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their target price on shares of TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. ATB Cormark Capital Markets upped their price target 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, Royal Bank Of Canada upped their price target on shares of TC Energy from C$104.00 to C$106.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$94.64.

TC Energy Stock Performance

TSE TRP opened at C$89.56 on Friday. TC Energy has a 1-year low of C$67.82 and a 1-year high of C$100.18. The company has a market capitalization of C$93.30 billion, a P/E ratio of 26.81, a PEG ratio of 1.69 and a beta of 0.72. The business has a 50 day moving average price of C$95.82 and a 200 day moving average price of C$89.70. The company has a debt-to-equity ratio of 229.63, a current ratio of 0.61 and a quick ratio of 0.40.

Insiders Place Their Bets

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business's 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. Also, Director Trevor Ebl sold 5,000 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. 0.03% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source