Scotiabank Has Bearish Outlook for TC Energy FY2026 Earnings

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for TC Energy in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.92 for the year, down from their previous forecast of $3.93. Scotiabank currently has a “Outperform” rating and a $93.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

A number of other equities research analysts also recently weighed in on the company. ATB Cormark Capital Markets lifted their price objective on TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a report on Tuesday. TD Securities lowered TC Energy from a “buy” rating to a “hold” rating and boosted their price target for the company from C$84.00 to C$88.00 in a research note on Tuesday. National Bank Financial increased their price objective on TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of TC Energy from C$80.00 to C$88.00 in a research note on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Price Performance

Shares of TSE:TRP opened at C$85.34 on Friday. The company has a market cap of C$88.82 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.69 and a beta of 0.86. The business has a 50 day moving average price of C$78.15 and a 200 day moving average price of C$74.77. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. TC Energy has a twelve month low of C$62.17 and a twelve month high of C$86.97.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.98 EPS for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The company had revenue of C$4.17 billion for the quarter.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.