TC Energy Corp (NYSE: TRP) has reported earnings for its first fiscal quarter (ending March 31) of $1.16 versus $1.29 for the same period a year ago — a decline of -10%. However, this result exceeded the consensus estimate of $0.79 by $0.37. For the latest four quarters through March 31, E.P.S. were $2.63 versus $1.61 for the same period a year ago — an increase of 63%.
Recent Price Action
On 5/3/24, TC Energy Corp (NYSE: TRP) stock enjoyed a large increase of 3.3%, closing at $37.62. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 4.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TRP is expected to continue to be an important Value Builder.
TC Energy has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. TC Energy has a slightly positive Power Rating of 65 and a very high Appreciation Score of 88, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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