Can Teck Resources’ 4Q17 Earnings Revive Its Fortunes?
Teck Resources’ 4Q17 earnings
Teck Resources (TECK), the Canada-based diversified miner (ANTO), has risen 6.1% in 2018 based on its February 9, 2018, closing price. That was preceded by a 23.9% rise in 2017. While its 2017 gains look decent, most of them came in December 2017. The stock was subdued for most of 2017. However, the December rally in metals and mining stocks helped Teck Resources close 2017 on a strong note.
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You can read Teck Resources’ 2018 Outlook: Can the Uptrend Continue? to find out Teck Resources’ growth drivers in 2018 and beyond.
4Q17 earnings season
Teck Resources is scheduled to release its 4Q17 earnings on February 14, 2018. Since we’re now near the end of the 4Q17 earnings season, several mining companies have released their 4Q17 earnings. Freeport-McMoRan (FCX) released its 4Q17 earnings on January 25, 2018, and managed to beat the consensus estimates for both its top and bottom lines. You can read Freeport-McMoRan’s 4Q17 Earnings: What You Need to Know for a broad overview of its 4Q17 financial performance. However, Southern Copper (SCCO) posted a net loss of $287.5 million in 4Q17 on one-time losses as a result of the new US tax reform legislation.
First Quantum Minerals (FM) released its 4Q17 preliminary production data and its 2017 earnings on February 12. Glencore (GLEN-L) is scheduled to release its 2017 earnings on February 21.
In this series, we’ll see what analysts are projecting for Teck Resources’ 4Q17 earnings. We’ll look at various factors that could impact Teck Resources’ 4Q17 financial performance. Finally, we’ll see how analysts are rating the stock ahead of its 4Q17 earnings release.