Teck Resources Ltd reports results for the quarter ended September 30 - Earnings Summary

• Teck Resources Ltd TECKb.TO reported quarterly adjusted earnings of C$1.88​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of fifteen analysts for the quarter was for earnings of C$1.57 per share. Wall Street expected results to range from C$1.23 to C$1.98 per share.

• Revenue rose 33.4% to C$4.52 billion from a year ago; analysts expected C$4.25 billion.

• Teck Resources Ltd's reported EPS for the quarter was C$3.24​.

• The company reported quarterly net income of C$1.59 billion.

• Teck Resources Ltd shares had fallen by 6.0% this quarter and gained 34.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.4% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the diversified mining peer group is "buy."

• Wall Street's median 12-month price target for Teck Resources Ltd is C$98.00, about 10.1% above its last closing price of C$88.10

This summary was machine generated from LSEG data October 29 at 02:06 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)