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Teck Resources class A (TSE:TECK.A)
:TECK.A
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
1.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -8.84%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there are notable achievements in shareholder returns, balance sheet strength, and operational performance in zinc, significant challenges were noted, including a fatality, impairment at Trail, and reduced guidance for QB operations. The sentiment is balanced with both positive and negative aspects highlighted.Company Guidance
During Teck's Q3 2024 earnings call, the company outlined several key metrics and developments. They announced the completion of the sale of their steelmaking coal business, receiving $7.3 billion in cash, which facilitated $720 million in returns to shareholders through dividends and share buybacks, and reduced debt by $1.5 billion, achieving a net cash position of $1.8 billion as of September 30. Copper production reached 52,500 tonnes in Q3, despite challenges with ore grades, while the QB2 project was completed within a capital guidance range of $8.6 to $8.8 billion. Teck also updated their 2024 guidance, improving net cash unit cost expectations by $0.10 per pound for copper, and adjusted copper production guidance to 420,000-455,000 tonnes. Additionally, Teck reported a 33% reduction in their high potential incident frequency rate, highlighting their commitment to safety.Record Shareholder Returns
TECK returned $720 million to shareholders in the quarter through dividends and share buybacks, totaling over $1.3 billion year-to-date.
Strong Balance Sheet Position
Reduced debt by USD 1.5 billion, achieving a net cash position of $1.8 billion as of September 30, 2024.
Operational Performance in Zinc
Gross profit before depreciation in the zinc segment increased by 49% compared to the same quarter last year, reflecting higher zinc prices and increased byproduct revenues.
Copper Production Growth
Achieved another consecutive record quarter of copper production across all operations with improved quarterly copper production at QB operations.
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TSE:TECK.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TECK.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | C$68.56 | C$66.17 | -3.49% |
| Jul 24, 2024 | C$62.94 | C$62.10 | -1.33% |
| Apr 25, 2024 | C$61.34 | C$66.67 | +8.69% |
| Feb 22, 2024 | C$50.60 | C$51.43 | +1.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teck Resources class A (TSE:TECK.A) report earnings?
Teck Resources class A (TSE:TECK.A) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Teck Resources class A (TSE:TECK.A) earnings time?
Teck Resources class A (TSE:TECK.A) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TECK.A EPS forecast?
TSE:TECK.A EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
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