We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Teck Resources Ltd (TECK) Stock Moves -0.57%: What You Should Know
Read MoreHide Full Article
Teck Resources Ltd (TECK - Free Report) closed at $42 in the latest trading session, marking a -0.57% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.88%. At the same time, the Dow lost 0.73%, and the tech-heavy Nasdaq lost 4.59%.
Heading into today, shares of the company had gained 4.12% over the past month, outpacing the Basic Materials sector's gain of 3.36% and lagging the S&P 500's gain of 5.83% in that time.
Teck Resources Ltd will be looking to display strength as it nears its next earnings release. On that day, Teck Resources Ltd is projected to report earnings of $0.95 per share, which would represent a year-over-year decline of 52.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.58 billion, down 26.18% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Teck Resources Ltd. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.4% higher. Teck Resources Ltd is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Teck Resources Ltd has a Forward P/E ratio of 9.68 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.43.
Investors should also note that TECK has a PEG ratio of 1.63 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Miscellaneous was holding an average PEG ratio of 1.97 at yesterday's closing price.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Teck Resources Ltd (TECK) Stock Moves -0.57%: What You Should Know
Teck Resources Ltd (TECK - Free Report) closed at $42 in the latest trading session, marking a -0.57% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.88%. At the same time, the Dow lost 0.73%, and the tech-heavy Nasdaq lost 4.59%.
Heading into today, shares of the company had gained 4.12% over the past month, outpacing the Basic Materials sector's gain of 3.36% and lagging the S&P 500's gain of 5.83% in that time.
Teck Resources Ltd will be looking to display strength as it nears its next earnings release. On that day, Teck Resources Ltd is projected to report earnings of $0.95 per share, which would represent a year-over-year decline of 52.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.58 billion, down 26.18% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Teck Resources Ltd. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.4% higher. Teck Resources Ltd is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Teck Resources Ltd has a Forward P/E ratio of 9.68 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.43.
Investors should also note that TECK has a PEG ratio of 1.63 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Miscellaneous was holding an average PEG ratio of 1.97 at yesterday's closing price.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.