World News – UA – Analysts update estimates for TC Energy Corporation (TSE: TRP) after third quarter results


Shareholders may have noticed that TC Energy Corporation (TSE: TRP) filed its quarterly result this time last week The early response was not positive, with shares down 53 % at C $ 5244 Last Week Results were roughly in line with estimates, with revenues of C $ 3b and statutory earnings per share of C $ 096 This is an important time for investors as they can track performance of a company in its report, look at what the experts are forecasting for the next year and see if there has been a change in the company’s expectations So we’ve put together the latest post-outcome statutory consensus estimates to see what might be in store for next year

Based on the latest results, the most recent consensus for TC Energy of 15 analysts is for C $ 13b revenue in 2021 which, if achieved, would be a modest 7 9% increase in sales. sales in the past 12 months Statutory earnings per share are expected to decline 14% to C $ 4 in 06 same period In preparing this report, analysts modeled revenues of C $ 13b and earnings per share (EPS) of C $ 4 07 in 2021 Consensus analysts don’t seem to have seen anything in these results that would have changed their perspective on the company, given that there was no change major in their estimates

So it’s no surprise to learn that the consensus price target is largely unchanged at C $ 70.43 It might also be instructive to look at the range of analysts’ estimates, to gauge the difference between outliers and the mean TC Energy’s most bullish analyst has a price target of C $ 80 per share, while the more pessimistic put it at C $ 64. Despite this, with a relatively narrow pool of estimates, it appears that analysts are fairly confident in their valuations, which suggests that TC Energy is an easy business to predict or that analysts all use similar assumptions

One way to get more context on these forecasts is to look at how they stack up against past performance and against the performance of other companies in the same industry. It is clear from the latest estimates that TC Energy’s growth rate is expected to accelerate significantly, with the forecast 7 Revenue growth of 9% significantly faster than its historic growth of 40% pune over the past five years. years Other similar companies in the industry (covered by analysts) are also expected to grow their revenues to 81% per year Given the expected acceleration in revenues, it’s pretty clear that TC Energy is expected to grow at about the same rate as the sector as a whole

The most obvious conclusion is that there hasn’t been a major shift in the outlook for the company in recent times, as analysts have kept their earnings forecasts stable, in line with previous estimates Fortunately, there have been no real changes in sales forecasts, with activity still expected to grow in line with the entire industry. There has been no real change in the consensus price target, which suggests that the intrinsic value of the company has not undergone any major changes with the latest estimates

With that in mind, we wouldn’t be too quick to come to a conclusion on TC Energy Long-term earning power is far greater than next year’s earnings We have estimates – from several TC analysts Energy – for 2024, and you can see them for free on our platform here

Before taking the next step, you should know the 3 warning signs of TC Energy (2 should not be ignored!) that we have discovered

This Simply Wall St article is general in nature It does not constitute a recommendation to buy or sell shares, and does not take into account your goals or your financial situation We aim to provide you with a focused analysis long term based on fundamental data Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative information Simply Wall St does not have any positions in the stocks mentioned Do you have any comments on this article? Concerned about the content? Contact us directly You can also send an email to the editorial team @ Simplywallstcom

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Wall Street struggled last week Two days before the presidential election, rising COVID-19 numbers and fading hopes for a pre-election stimulus package, stocks posted their worst week since the peak of the pandemic in March All three of the major US stock indices also reported a second consecutive monthly decline According to the pros on Wall Street, uncertainty reigns in the markets That said, some strategists indicate that the meeting of the Federal Open This month’s Market Committee, which takes place on November 4 and 5, could help reassure investors If more liquidity were provided, stocks could gain in the medium to long term, although there is no additional stimulus Moreover, the pros say the recent sale could present an opportunity to find compelling names for a more attractive entry point With that in mind, we turned to Wells Fargo’s expert stock pickers for inspiration Investment firm ranks in the top 10 of TipRanks list of research firms Top Performers Looking at three tickers backed by Wells Fargo, we used TipRanks’ database to find out why the company’s analysts see each as such an exciting opportunity. RealReal (REAL) First up, we have RealReal, which is a leader in the online authenticated luxury consignment space In the wake of a major new partnership, Wells Fargo has high hopes for this retailer October 5 , REAL announced a new partnership with Gucci, one of the most popular brands on the REAL platform Under the terms of the agreement, the two companies will develop an online platform for the sale of used Gucci products , the site also promoting a more circular economy for luxury This platform will function as a website within a website on REAL’s platform and will feature products provided primarily by third-party shippers, as well as some provided directly by Gucci.For each item sold, the company will plant a tree through One Tree Planted nonprofit Representative Wells Fargo, analyst Ike Boruchow sees several positives from the collaboration, which represents « a clear win for the bulls in the short term.He explained, « The fact that REAL is partnering with one of the world’s most prominent luxury brands should give them a lot more credibility with consumers (and the luxury industry in general). Interestingly, in an interview with Women’s Wear Daily, Gucci Brand CEO Marco Bizzarri said that the growing popularity of the resale market was very interesting to us.In addition, the deal reflects another way to acquire supply, which is essential because ‘unlocking supply is one of REAL’s main growth engines,’ Boruchow said. He further points out that even though Gucci only supplies a limited number of pieces, it will be “incremental to REAL’s offering.” If that were not enough, Boruchow argues that the partnership highlights the environmental benefits of the market. resale The analyst believes this will continue to make « the resale market more and more attractive to consumers who are increasingly aware of sustainability and environmental factors.“When it comes to business fundamentals, Boruchow believes supply has been a bigger issue than demand in 2020, especially during the COVID-19 pandemic That said, REAL has found new ways to acquire supply, which may « help unleash REAL’s long-term growth potential, » analyst says To sum up, Boruchow commented, “As a result, we believe that the gross value of commodities will continue to accelerate over the next few quarters and that the growth of long-term leads is extremely compelling.“As a result, Boruchow has stayed with the bulls In addition to an overweight rating, he sets a target price of $ 20 on the stock Investors could pocket a 59% gain if this target is met within twelve months to come (To see Boruchow’s review click here) As for the rest of the street, opinions are divided almost equally With 3 buys and 2 takes awarded in the past three months, the word on the street is that REAL is a moderate buy At $ 17.25, the mid price target implies upside potential of 37% (See RealReal price targets and analysts’ notes on TipRanks) JELD-WEN (JELD) Next we have JELD- WEN, which is one of the world’s largest window and door manufacturers Calling JELD one of the company’s « favorite real estate stocks », Wells Fargo believes big things could be in store. Writing for the firm, analyst Truman Patterson told clients q ue, based on its channel checks, Windows and Interior Doors channel inventories are meager and delivery times have been stretched to 2-3 weeks This led the analyst to conclude that « the industry manufacturers of both products are operating at or near full capacity. » It should be noted that in recent years JELD has had to contend with Windows’ production inefficiencies which « were sometimes motivated by an inability to adapt to rapid changes in demand »It shook investor confidence and led to lower valuation, analyst said. That being said, Patterson sees better days on the horizon » Despite the unexpected rebound in demand in the wake of COVID, which led JELD to ramp up production to near capacity, we believe JELD has improved its Windows manufacturing operations as contacts suggest quality control issues for the company’s products are a thing of the past We give management the benefit of the doubt going forward as the rationalization of the global footprint and YWAM initiatives start to gain traction, representing an EBITDA potential of over $ 200 million, ”explained Patterson In addition to this, he argues that improving manufacturing operations should lead to multiple expansion by itself Adding to the good news, pricing announcements for both products are strong After unprecedented price increases for interior doors earlier this year, it looks like JELD and its Masonite counterpart are determined to structurally improve pricing in the industry, in Patterson’s opinion Explaining this, the analyst said, “In addition, it appears that JELD has announced a 7% to 11% increase in window prices nationwide (3 points above normal), and the main competitors followed suit with increases of a similar magnitude Given the aforementioned industry-wide shortages for both products and the rapid rebound of New Res, we believe JELD will be able to achieve at least the traditional 40-50% of advertised prices in its product portfolio.So, Patterson sees JELD hitting the 2021 North America price in the 5% 4 range, and after some SG&A inflation / post-COVID investment, he expects EBITDA margin expansion of 200 at 300 basis points “We don’t think the above is fully appreciated by the Street, as JELD is just one of three stocks in our coverage of 20 HB / BP companies which has been stable or declining since beginning of the year ”, he noted To top it off, there was only one manufacturing glitch, due to an unexpectedly poorly timed product line reset from a large visitor center. “Given the robust demand environment that is likely to depress inventory levels in reception centers (HD / LOW’s SSS up 20% to 30%), we believe that HCs will ensure that they do not not disrupt their supply chain and should be more receptive to price increases, ”said Patterson So it’s no surprise that Patterson left an overweight rating and a target price of $ 32 on the stock To that end, upside potential lands at 52% (To see Patterson’s track record, click here) Other analysts are more cautious about JELD A consensus Hold rating breaks down into 3 buy, 6 take and 1 sell With an average price target of $ 24 35, upside potential is 16% (See JELD-WEN’s stock market analysis on TipRanks) Associated Banc-Corp (ASB) Associated Banc-Corp takes its place as the largest bank based in Wisconsin, with a total branch network of more than 200 locations serving more than 100 communities, primarily in its three-footprint of the state of Wisconsin, Illinois and Minnesota Although the company has faced some challenges, Wells Fargo believes it has taken steps in the right direction Firm analyst Jared Shaw tells clients that while third quarter results have been mixed, he has high hopes for the banking player A higher provision charge than expected fueled EPS of $ 24.0.01 ahead of consensus estimate As for NIM, management believes the 2’s figure of 31% marks a low, and that margin should improve from here Credit was more mixed, as NCOs went from 44 basis points to 49 basis points due to oil and gas (reserved at 15 3% rate), and NPAs increased 24 basis points through migration of two shopping center-focused REITs However, « deferrals were a bright spot, » with total deferrals falling from 69% of peak levels to 21% of lending, compared to its peers which on average have declined. 72% and 28% of deferred loans « So far, consumer loans that have seen their deferrals expire have had a cure rate of 97%, which gives us some optimism about the remaining balances, » he said. said Shaw Additionally, the ALLL ratio increased 8 basis points quarter over quarter to 160% ex-PPP. “We expect little further development from here as we see the zones most at risk properly booked and encouraged by deferral trends, ”Shaw commented To add to the good news, ASB was the first Shaw cover bank to highlight cost reduction initiatives resulting from COVID-related shutdowns These initiatives appear to be paying off, as spending targets announced last month Fourth-quarter spending is expected to be $ 175 million and 2021 spending to $ 685 million, compared to $ 712 million of estimated base spending in 2020 if the figure of $ 685 million was reached , it would mark the lowest annual spending level since 2014 « With favorable winds in spending initiatives, the NIM likely improving, stocks trading at just 87% of the current TBV, and a 51% divvy, » Shaw sees big things in store for ASB In keeping with his bullish approach, Shaw sits with the bulls, reiterating an overweight rating and a price target of $ 18. it’s his confidence in ASB’s ability to climb 31% higher next year (To see Shaw’s track record, click here) Looking at the consensus breakdown, 1 buy and 3 holds were issued in the three months As a result, ASB gets a moderate buy consensus rating Based on the $ 15 average price target of 67, stocks could climb 14% next year (See price targets and analysts’ notes from ‘Associated Banc-Corp on TipRanks) Disclaimer: The opinions expressed in this article are solely those of the featured analysts The content is intended to be used for informational purposes only It is very important that you do your own analysis before doing anything investment

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World News – AU – Analysts update their TC Energy Corporation (TSE: TRP) Estimates After Its Third Quarter Results


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