Why Teck Resources (TECK) is Poised to Beat Earnings Estimates Again

Core Insights - Teck Resources Ltd (TECK) is positioned to continue its earnings-beat streak, having achieved an average surprise of 36.11% over the last two quarters [1][2] Earnings Performance - For the most recent quarter, Teck Resources reported earnings of $0.33 per share, exceeding the expected $0.22 per share, resulting in a surprise of 50% [2] - In the previous quarter, the company reported $0.44 per share against an expectation of $0.36 per share, leading to a surprise of 22.22% [2] Earnings Estimates and Predictions - Estimates for Teck Resources have been trending higher, supported by its history of earnings surprises [5] - The company currently has a positive Earnings ESP of +11.26%, indicating increased analyst optimism regarding its near-term earnings potential [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] Future Outlook - Teck Resources is expected to release its next earnings report on April 24, 2025 [8]