Teck Resources reported quarterly earnings per share (EPS) of C$1.88, beating the C$1.58 estimate by 19.0%. But a strike at Highland Valley Copper has put a key operating risk in focus.
Teck Resources Limited (TSX: TECK.B) reported earnings before market open on October 29 for the quarter ended September 30, 2026. EPS was C$1.88, compared with the calendar estimate of C$1.58. That’s a C$0.30-per-share beat and Teck’s fourth consecutive beat across comparable quarters. The results provided don’t include quarterly revenue or margin figures, so EPS is the clearest measure available. Follow the company on our Teck Resources stock page.
Recent earnings trend
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Teck Resources Limited
TECK-B.TO
TECK-B.TO
Teck Resources Limited
WealthAwesomeMarket cap
$42.87B
P/E
17.2x
Div. yield
0.59%
Div. / share
$0.50
52W high
$99.77
52W low
$53.20
1W change
-0.05%
Beta
1.65
Analyst Price Targets
Based on analyst covering TECK-B · as of Oct 28, 2026
Wall Street analysts forecast TECK-B stock price to rise 6.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$93.85
+6.5% Upside
Previously C$94.74 on Oct 22, 2026
Current Price
C$88.10
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TECK-B's historical volatility
30-Day Vol
40.7%
Annualized
90-Day Vol
44.4%
Annualized
Trend (90d)
+18.8%
Annualized drift
90d Mean
C$94.21
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$90.09 | C$78.28 – C$103.69 |
| 60 trading days | C$92.13 | C$75.52 – C$112.39 |
| 90 trading days | C$94.21 | C$73.86 – C$120.19 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | 1.8800 | 1.5800 | +19.0% |
| 2026-06-30 | 2026-07-23 | 1.9300 | 1.3800 | +39.9% |
| 2026-03-31 | 2026-04-23 | 1.7500 | 1.1200 | +56.3% |
| 2025-12-31 | 2026-02-19 | 1.3700 | 0.9600 | +42.7% |
| 2025-09-30 | 2025-10-22 | 0.7600 | 0.5700 | +33.3% |
| 2025-06-30 | 2025-07-24 | 0.3800 | 0.2400 | +58.3% |
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Investor takeaway: Teck’s 19.0% EPS beat is strong, and the company has topped estimates in each of its last four reported quarters. But the result doesn’t settle the near-term outlook. A strike at Highland Valley Copper began on October 24, and operations are reportedly continuing at reduced capacity. How long the strike lasts and how much production it affects are key questions for investors. Next-quarter consensus estimates are C$1.15 in EPS and C$3.92 billion in revenue. These are analyst estimates, not company guidance.
C$1.88 EPS, 19.0% above estimate
Teck reported EPS of C$1.88, beating the C$1.58 calendar estimate by C$0.30. The company has beaten estimates in each of its last four comparable quarters. The earnings trend table and chart below show the quarter-by-quarter results.
Bull case
Teck’s latest EPS of C$1.88 beat estimates, following three consecutive quarterly beats. The next-quarter EPS consensus has also risen from C$0.93 to C$1.15 over the past 30 days. Analysts expect year-over-year EPS growth of 51.4% and revenue growth of 15.8%. At the last close of C$88.10, the shares were above their 200-day moving average of C$83.76 but below their 50-day average of C$92.89. Earnings expectations are improving, though the strike’s impact is still uncertain.
Bear case
The labour disruption at Highland Valley Copper is a significant operating risk. More than 1,200 union workers walked off the job, and the mine was reportedly operating at reduced capacity. The production impact will depend on how long the strike lasts. In the supplied market snapshot, Teck shares were down 4.42% over the past month and closed below their 50-day moving average. The 0.59% dividend yield is modest, offering limited income support if operating uncertainty weighs on the shares.
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