Earnings Alerts

Teck Resources (TECK/B) Earnings: 2Q Revenue Falls Short of Estimates, Adjusted EBITDA Meets Expectations

  • Revenue Shortfall: Teck Resources reported a 2Q revenue of C$3.87 billion, missing the estimated C$3.94 billion.
  • Adjusted EBITDA: The company’s adjusted EBITDA was C$1.67 billion, slightly exceeding the estimate of C$1.66 billion.
  • Analyst Ratings: The stock has 19 buy ratings, 2 hold ratings, and 2 sell ratings from analysts.

A look at Teck Resources Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Teck Resources Ltd. is set to perform well in the long-term, according to Smartkarma Smart Scores. With a strong score of 5 in Growth, the company shows promising potential for expansion and development in its mining and natural resource operations. This indicates a positive outlook for Teck Resources in terms of future growth prospects.

Additionally, Teck Resources earns high scores in Value and Momentum, further reflecting the company’s solid performance and attractiveness to investors. Although the scores for Dividend and Resilience are slightly lower, the overall positive assessment of Teck Resources suggests a good long-term outlook for the company in the natural resource sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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