What is Scotiabank’s Forecast for TC Energy FY2027 Earnings?

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Research analysts at Scotiabank boosted their FY2027 EPS estimates for shares of TC Energy in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will earn $4.00 per share for the year, up from their previous forecast of $3.98. Scotiabank has a “Sector Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

A number of other equities analysts also recently issued reports on the stock. Royal Bank Of Canada upgraded shares of TC Energy to a “moderate buy” rating in a research note on Friday, September 11th. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. ATB Cormark Capital Markets boosted their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. BMO Capital Markets upped their target price on TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$96.29.

TC Energy Trading Up 0.3%

TSE:TRP opened at C$87.58 on Tuesday. The firm has a 50-day simple moving average of C$85.82 and a 200-day simple moving average of C$88.04. TC Energy has a one year low of C$69.41 and a one year high of C$100.18. The firm has a market cap of C$91.24 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.69 and a beta of 0.74. The company has a debt-to-equity ratio of 229.63, a quick ratio of 0.40 and a current ratio of 0.61.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%. The business had revenue of C$3.96 billion for the quarter.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.