Zacks Research Predicts Weaker Earnings for Teck Resources

Key Points

• Zacks Research has **lowered** its Q4 2026 earnings per share estimate for Teck Resources to **$0.54**, down from the previous estimate of $0.56.
• Teck Resources reported a Q2 EPS of **$0.27**, surpassing expectations, but had revenues of **$1.49 billion**, significantly below the forecast of **$2.25 billion**.
• The company recently increased its **quarterly dividend** to **$0.0918**, up from $0.09, reflecting a **0.9%** annualized yield.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Investment analysts at Zacks Research decreased their Q4 2026 earnings per share estimates for shares of Teck Resources in a report released on Friday, October 3rd. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.56. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $2.25 billion. Teck Resources had a return on equity of 3.91% and a net margin of 2.51%.The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS.

Several other equities analysts have also recently commented on the company. Desjardins cut Teck Resources from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Stifel Nicolaus assumed coverage on Teck Resources in a report on Wednesday, July 9th. They issued a "hold" rating for the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Teck Resources in a report on Saturday, September 27th. Morgan Stanley cut Teck Resources from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $42.00 to $44.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Teck Resources from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Teck Resources presently has a consensus rating of "Moderate Buy" and an average target price of $56.88.

Teck Resources Trading Down 0.4%

Teck Resources stock opened at $43.19 on Monday. The business has a 50 day moving average price of $36.02 and a two-hundred day moving average price of $36.52. The company has a quick ratio of 2.45, a current ratio of 3.47 and a debt-to-equity ratio of 0.15. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 113.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.92. Teck Resources has a 12 month low of $28.32 and a 12 month high of $52.37.

Hedge Funds Weigh In On Teck Resources

A number of hedge funds have recently modified their holdings of TECK. GAMMA Investing LLC raised its holdings in shares of Teck Resources by 13,171.4% in the 1st quarter. GAMMA Investing LLC now owns 3,716 shares of the basic materials company's stock worth $135,000 after buying an additional 3,688 shares in the last quarter. Park Avenue Securities LLC grew its position in Teck Resources by 70.9% during the 1st quarter. Park Avenue Securities LLC now owns 15,313 shares of the basic materials company's stock worth $558,000 after acquiring an additional 6,353 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Teck Resources by 104.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,636 shares of the basic materials company's stock worth $60,000 after acquiring an additional 837 shares during the last quarter. Fifth Third Bancorp grew its position in Teck Resources by 8.4% during the 1st quarter. Fifth Third Bancorp now owns 7,698 shares of the basic materials company's stock worth $280,000 after acquiring an additional 596 shares during the last quarter. Finally, Union Bancaire Privee UBP SA grew its position in Teck Resources by 10.2% during the 1st quarter. Union Bancaire Privee UBP SA now owns 6,138 shares of the basic materials company's stock worth $219,000 after acquiring an additional 570 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a $0.0918 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, September 15th. This is a boost from Teck Resources's previous quarterly dividend of $0.09. Teck Resources's payout ratio is currently 94.74%.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.