TC Energy (TRP) Beats Q4 Earnings and Revenue Estimates

Core Insights - TC Energy reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of$0.68 per share, but down from $0.99 per share a year ago, indicating an earnings surprise of 10.29$2.56 billion for the quarter, surpassing the Zacks Consensus Estimate by 5.46%, although this is a decrease from $3.11 billion in the same quarter last year [2] - TC Energy has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance relative to expectations [2] Earnings Outlook - The future performance of TC Energy's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's price movement based on recent earnings and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is$0.71, with expected revenues of $2.46 billion, while the estimate for the current fiscal year is$2.64 on revenues of $10.19 billion [7] Industry Context - The Alternative Energy - Other industry, to which TC Energy belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]