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TC Energy's Earnings Outlook

TC Energy (NYSE:TRP) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that TC Energy will report an earnings per share (EPS) of $0.76.

Benzinga · 07/27/2022 11:59

TC Energy (NYSE:TRP) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement.

Analysts estimate that TC Energy will report an earnings per share (EPS) of $0.76.

TC Energy bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.00, which was followed by a 0.0% drop in the share price the next day.

Here's a look at TC Energy's past performance and the resulting price change:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.88 0.83 0.80 0.67
EPS Actual 0.88 0.84 0.79 0.86
Price Change % -5.62% -0.44% -3.85% -1.14%

eps graph

Stock Performance

Shares of TC Energy were trading at $54.89 as of July 26. Over the last 52-week period, shares are up 11.81%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR TC ENERGY VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.