Preview: TC Energy's Earnings

TC Energy TRP unveils its next round of earnings this Thursday, July 29. Here is Benzinga's everything-that-matters guide for the earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect TC Energy earnings of $0.67 per share. Revenue will likely be around $2.38 billion, according to the consensus estimate. TC Energy reported a per-share profit of $0.98 when it published results during the same quarter last year. Sales in that period totaled $2.23 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent a 31.63% decrease for the company. Sales would be up 6.82% on a year-over-year basis. Here is how the TC Energy's reported EPS has stacked up against analyst estimates in the past:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of TC Energy were trading at $48.95 as of July 27. Over the last 52-week period, shares are up 7.47%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. TC Energy is scheduled to hold the call at 11:00:00 ET and can be accessed here.