Teck Resources Full Year 2024 Earnings: EPS Misses Expectations

Teck Resources (TSE:TECK.B) Full Year 2024 Results

Key Financial Results

• Revenue: CA$9.07b (down 40% from FY 2023).
• Net loss: CA$800.0m (down by 133% from CA$2.44b profit in FY 2023).
• CA$1.55 loss per share (down from CA$4.70 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Teck Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Teck Resources' balance sheet.

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