Banking

Teck Resources Stock At Top Of Buy Range Ahead Of Earnings Report

Teck Resources (TECK) is in a potential buying area with its next earnings report expected on Oct. 27.

It’s trading about 5% above a 26.82 buy point from a third-stage cup without handle.




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Keep in mind that it’s risky to buy any stock just before it reports. You can reduce your exposure by waiting to see the actual numbers and the market’s reaction.


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Taking a look at top and bottom line numbers, Teck Resources Stock has posted rising EPS growth over the last five quarters. Revenue growth has also moved higher during the same period.

Teck Resources Stock Earnings Preview

Analysts expect earnings-per-share growth of 370% for the quarter, and 254% growth for the full year. Annual growth estimates were recently revised higher.

Teck Resources Stock has a 97 Composite Rating and earns the No. 1 rank among its peers in the Mining-Metal Ores industry group. Vedanta (VEDL) and Mesabi Trust (MSB) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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