Teck Resources Ltd reports results for the quarter ended December 31 - Earnings Summary

• Teck Resources Ltd TECK.N reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of C$1.40. The mean expectation of nineteen analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 12 cents to 63 cents per share.

• Revenue fell 22.6% to C$2.86 billion from a year ago; analysts expected C$2.78 billion.

• Teck Resources Ltd's reported EPS for the quarter was a loss of C$1.45​.

• The company reported a quarterly loss of C$748 million.

• Teck Resources Ltd shares had risen by 5.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the diversified mining peer group is also "buy"

Wall Street's median 12-month price target for Teck Resources Ltd is C$73.00

This summary was machine generated from LSEG data February 21 at 08:05 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)