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

• Teck Resources Ltd TECK.N reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from -1 cents to 45 cents per share.

• Revenue fell 42.6% to C$2.29 billion from a year ago; analysts expected C$2.15 billion.

• Teck Resources Ltd's reported EPS for the quarter was 73 cents​.

• The company reported quarterly net income of C$370 million.

• Teck Resources Ltd shares had fallen by 7.7% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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$66.00

This summary was machine generated from LSEG data April 24 at 01:30 p.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)