Skip to main content

NEW YORK (TheStreet) -- Shares of Teck Resources (TCK) were higher in early-afternoon trading on Wednesday ahead of the company's 2016 third quarter earnings, due out before tomorrow's opening bell.

Wall Street is expecting earnings to rise year-over-year, while revenue will decline.

Analysts surveyed by FactSet are forecasting adjusted earnings of 20 cents per share on revenue of $1.69 billion.

During the same quarter a year ago, the Vancouver-based diversified resource company posted adjusted earnings of 5 cents per share on revenue of $2.10 billion.

Teck Resources produces copper and zinc concentrate and exports steelmaking coal.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: TCK

Image placeholder title